S&P Global Ratings has assigned preliminary credit ratings to Together Asset Backed Securitisation 2024-1ST2 PLC's (Together 2024-1ST2) class A and B notes and interest deferrable class C-Dfrd to X-Dfrd notes. At closing the issuer will issue unrated residual certificates. Together 2024-1ST2 is a static RMBS transaction, securitizing a provisional portfolio of £445.2 million first-lien owner-occupied and buy-to-let (BTL) mortgage loans secured on properties in the U.K. originated by Together Personal Finance Ltd. and Together Commercial Finance Ltd. Together Personal Finance Ltd. and Together Commercial Finance Ltd. are wholly owned subsidiaries of Together Financial Services Ltd. (Together). Together Personal Finance Ltd. and Together Commercial Finance Ltd. originated the loans in the pool between 2017 and 2023. Close to two-thirds of the