Credit Rating Report

Valsabbina SME 4 SPV S.r.l.: Rating Report

Structured Credit

Summary

DBRS Ratings GmbH (Morningstar DBRS) assigned a credit rating of A (sf) to the EUR 802,300,000 Class A Asset Backed Partly Paid Notes due January 2062 issued by Valsabbina SME 4 SPV S.r.l. (the Issuer).

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