London, 18 March 2014 -- Moody's Investors Service has assigned a provisional (P)A2 senior secured rating to the GBP[76.3] million guaranteed bonds to be issued by Solutions 4 North Tyneside (Finance) plc, the funding vehicle for Solutions 4 North Tyneside Limited ("ProjectCo"). The outlook on the rating is stable. The bonds will finance the redevelopment of 924 sheltered housing dwellings at 26 sites across North Tyneside, England, under the terms of a Private Finance Initiative (PFI) project agreement (the Project Agreement) with North Tyneside Council. ProjectCo will additionally be responsible for providing facilities management services for 28 years, including during the initial three year construction period.

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