Credit Rating Report

Siena PMI 2016 S.r.l. – Series 2-2019: Rating Report

Structured Credit

Summary

DBRS Ratings GmbH (DBRS) assigned ratings to the notes issued by Siena PMI 2016 S.r.l. – Series 2-2019.

Available Documents

Ratings

Date Issued	Debt Rated	Rating	Trend	Action	Attributesi
25-Jun-19	Class A1 Notes	AAA (sf)	--	New Rating	EU U
25-Jun-19	Class A2 Notes	AAA (sf)	--	New Rating	EU U
25-Jun-19	Class B Notes	AA (low) (sf)	--	New Rating	EU U
25-Jun-19	Class C Notes	BB (high) (sf)	--	New Rating	EU U
25-Jun-19	Class D Notes	CC (sf)	--	New Rating	EU U

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Siena PMI 2016 S.r.l. - Series 2-2019

Class A1 Notes

Date Issued:Jun 25, 2019
Rating Action:New Rating
Ratings:AAA (sf)
Trend:--
Rating Recovery:
Issued:EUU

Class A2 Notes

Date Issued:Jun 25, 2019
Rating Action:New Rating
Ratings:AAA (sf)
Trend:--
Rating Recovery:
Issued:EUU

Class B Notes

Date Issued:Jun 25, 2019
Rating Action:New Rating
Ratings:AA (low) (sf)
Trend:--
Rating Recovery:
Issued:EUU

Class C Notes

Date Issued:Jun 25, 2019
Rating Action:New Rating
Ratings:BB (high) (sf)
Trend:--
Rating Recovery:
Issued:EUU

Class D Notes

Date Issued:Jun 25, 2019
Rating Action:New Rating
Ratings:CC (sf)
Trend:--
Rating Recovery:
Issued:EUU

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