Fitch Ratings said that last week's downgrade of UBS AG to AA-' from AA' does not have a negative impact on the ratings of the Broadgate Financing PLC securitization.

According to the rating agency, UBS remains the top tenant in the Broadgate securitization, representing approximately 20% of the annual rental income. The weighted average remaining lease term expires in 14.9 years, or five years to the first break option.

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