Credit Rating Report

VCL Master S.A., acting through its Compartment 1: Rating Report

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Summary

DBRS Ratings Limited (DBRS) assigned new ratings to VCL Master S.A., acting on behalf of its Compartment 1 (the Issuer) as follows:

-- Series 2017-2, Class A Notes at AAA (sf)
-- Series 2017-3, Class A Notes at AAA (sf)

Ratings

  • US = Lead Analyst based in USA
  • CA = Lead Analyst based in Canada
  • EU = Lead Analyst based in EU
  • UK = Lead Analyst based in UK
  • E = EU endorsed
  • U = UK endorsed
  • Unsolicited Participating With Access
  • Unsolicited Participating Without Access
  • Unsolicited Non-participating