S&P Global Ratings assigned credit ratings to Stratton Mortgage Funding 2024-1 PLC's class A loan note, class A, B-Dfrd, C-Dfrd, D-Dfrd, E-Dfrd, and F-Dfrd U.K. RMBS notes. At closing, the issuer also issued unrated class Z, X1, and X2 notes, and unrated RC1 and RC2 certificates.