Taurus 2020-2 UK DAC: Rating Report

On 7 August 2020, DBRS Ratings Limited (DBRS Morningstar) finalised its provisional ratings on the notes issued by Taurus 2020-2 UK DAC (the Issuer) as follows:

-- Class A Notes at AAA (sf)
-- Class B Notes at AA (sf)
-- Class C Notes at A (low) (sf)
-- Class D Notes at BBB (low) (sf)

All trends are Stable.

Taurus 2020-2 UK DAC is the partial securitisation of a GBP 518.3 million senior commercial real estate (CRE) loan backed by a large portfolio of light industrial and logistics assets spread across the UK