London, 23 June 2015 -- Moody's Investors Service, ("Moody's") has today confirmed at Ba3 the ratings of the GBP446 million of fixed rate guaranteed senior secured bonds (the Bonds) due 2042 issued by Peterborough (Progress Health) plc (ProjectCo), a GBP14.5 million liquidity facility and a GBP7.2 million change in law facility (together the Standby Facilities). The action reflects that a standstill arrangement between ProjectCo and the Peterborough and Stamford Hospitals NHS Foundation Trust (the Trust) was agreed in April 2015 which should allow ProjectCo to continue to meet its financial obligations while the underlying issues concerning fire compartmentation at Peterborough City Hospital (the Hospital) are investigated and, where necessary, remedied. The outlook on the ratings is developing. This concludes the review of the ratings that was initiated on 2 April 2015.

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