Moody's Rates Royalty Pharma Pharmaceutical Royalty Securitization Aaa

Approximately $225 Million of Asset-Backed Securities Rated Aaa.
New York - July 30, 2003 - Moody's Investors Service has assigned a rating of Aaa to the $225,000,000 asset-backed note issued by Royalty Pharma Finance Trust (RPFT). The notes are backed initially by a pool of royalty interests and contingent pay rights in thirteen biopharmaceutical products. This is the first time Moody's has assigned a term rating to a transaction backed by biopharmaceutical royalty interests.

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