Madrid, July 15, 2013 -- Moody's Investors Service has today assigned a provisional long-term (P)A2 rating to approximately GBP[61] million of guaranteed fixed-rate and index-linked bonds (the "Bonds") to be issued by Holyrood Student Accommodation Plc (the "Issuer"). Concurrently, Moody's has assigned a provisional (P)Baa3 underlying rating to the Bonds, reflecting their credit quality absent the guarantees. The outlook on all ratings is stable.

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