aZul Master Credit Cards DAC, Series 2020-1: Rating Report

Summary

DBRS Ratings Limited (DBRS Morningstar) assigned ratings to the notes issued by aZul Master Credit Cards DAC (the Issuer) as follows:

-- Series 2020-01, Class A Notes at A (high) (sf)
-- Series 2020-01, Class C Notes at BB (sf)

Available Documents

Ratings

Date Issued	Debt Rated	Rating	Trend	Action	Attributesi
23-Jul-20	Series 2020-1, Class A Notes	A (high) (sf)	--	New Rating	UK U
23-Jul-20	Series 2020-1, Class C Notes	BB (sf)	--	New Rating	UK U

More

aZul Master Credit Cards DAC

Series 2020-1, Class A Notes

Date Issued:Jul 23, 2020
Rating Action:New Rating
Ratings:A (high) (sf)
Trend:--
Rating Recovery:
Issued:UKU

Series 2020-1, Class C Notes

Date Issued:Jul 23, 2020
Rating Action:New Rating
Ratings:BB (sf)
Trend:--
Rating Recovery:
Issued:UKU

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aZul Master Credit Cards DAC, Series 2020-1: Rating Report

Summary

Available Documents