BPL Mortgages S.r.l., Series V: Rating Report

DBRS Ratings Limited (DBRS) assigned an “A” (sf) rating to the Class A-2019 Notes issued by BPL Mortgages S.r.l., Series V (the Issuer), following a restructuring of the transaction that was put into effect today (the 2019 Restructuring).

In addition, DBRS downgraded its ratings on the Class A-2012 Notes and Class A-2016 Notes issued by BPL Mortgages S.r.l., Series V to “A” (sf) from A (high) (sf).