CaixaBank PYMES 10, FT: Rating Report

DBRS Ratings Limited (DBRS) has finalised its provisional ratings on the Series A Notes and Series B Notes (collectively, the Notes) issued by CaixaBank PYMES 10, FT (the Issuer, special-purpose vehicle or SPV) as listed in the table above. This securitisation has been structured as a public transaction with Series A Notes and Series B Notes. The Series A Notes are senior and supported by 20.75% subordination provided by the Series B Notes and the Reserve Fund. The Series B Notes are supported by 4.75% subordination provided by the Reserve Fund.