Diversification Notes plc MTN programme – Fitch Ratings, Fund and Asset Manager Rating Group (dated March 28th 2008) Fitch Ratings has assigned an 'A-' Bond Fund Credit Rating to the portfolio of assets of Diversification Notes plc (DN). The rating has been assigned to the underlying managed portfolio of assets and not to the credit strength of the note programme itself. The rating is based on a comprehensive analysis of the portfolio and Banquo's organisation and resources.