New York, August 25, 2016 -- Moody's Investors Service, ("Moody's") today revised Signet UK Finance plc's rating outlook from stable to negative. All other ratings including the Baa3 senior unsecured rating were affirmed. Signet UK Finance plc is an indirect subsidiary of Signet Jewelers Limited (together, "Signet"). The change in outlook is prompted by the company's announcement of the issuance of $625 million of convertible preferred stock to repurchase common shares. All ratings actions are detailed below.

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