Cartesian Residential Mortgages 5 S.A.: Rating Report

Ratings

• Date Issued	Debt Rated	Rating	Trend	Action	Attributesi 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
  16-Sep-20	Class A Notes	AAA (sf)	--	Provis.-Final	EU U
  16-Sep-20	Class B Notes	AA (sf)	--	Provis.-Final	EU U
  16-Sep-20	Class C Notes	A (sf)	--	Provis.-Final	EU U
  16-Sep-20	Class D Notes	BBB (high) (sf)	--	Provis.-Final	EU U

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