Credit Rating Report

Pearl Finance 2020 DAC: Rating Report

CMBS

Summary

On 12 November 2020, DBRS Ratings GmbH (DBRS Morningstar) finalised its provisional ratings on the notes issued by Pearl Finance 2020 DAC, a securitisation of a EUR 335.4 million senior commercial real estate loan backed by a pan-European portfolio of light industrial and logistics assets. For insight beyond the ratings, see the rating report.

Ratings

Pearl Finance 2020 DAC
  • Date Issued:Nov 12, 2020
  • Rating Action:Provis.-Final
  • Ratings:AAA (sf)
  • Trend:Stb
  • Rating Recovery:
  • Issued:EUU
  • Date Issued:Nov 12, 2020
  • Rating Action:Provis.-Final
  • Ratings:AAA (sf)
  • Trend:Stb
  • Rating Recovery:
  • Issued:EUU
  • Date Issued:Nov 12, 2020
  • Rating Action:Provis.-Final
  • Ratings:AA (high) (sf)
  • Trend:Stb
  • Rating Recovery:
  • Issued:EUU
  • Date Issued:Nov 12, 2020
  • Rating Action:Provis.-Final
  • Ratings:A (low) (sf)
  • Trend:Stb
  • Rating Recovery:
  • Issued:EUU
  • Date Issued:Nov 12, 2020
  • Rating Action:Provis.-Final
  • Ratings:BBB (sf)
  • Trend:Stb
  • Rating Recovery:
  • Issued:EUU
  • Date Issued:Nov 12, 2020
  • Rating Action:Provis.-Final
  • Ratings:BBB (low) (sf)
  • Trend:Stb
  • Rating Recovery:
  • Issued:EUU
  • 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

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