Tulip Mortgage Funding 2020-1 B.V.: Rating Report

On 18 November 2020, DBRS Ratings GmbH (DBRS Morningstar) finalised its provisional ratings on the following classes of notes issued by Tulip Mortgage Funding 2020-1 B.V. (TMF 2020-1 or the Issuer):

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