Cartesian Residential Mortgages Blue S.A.: Rating Report

DBRS Ratings Limited (DBRS) finalised the following provisional ratings of the notes issued by Cartesian Residential Mortgages Blue S.A. (the Issuer or Cartesian Blue):

-- Class A Notes rated AAA (sf)
-- Class B Notes rated AAA (sf)
-- Class C Notes rated AA (sf)
-- Class D Notes rated A (low) (sf)
-- Class E Notes rated BB (high) (sf)

Additionally, DBRS maintained the Class C, Class D and Class E Notes Under Review with Positive Implications (UR-Pos.).