Credit Rating Report

European Residential Loan Securitisation 2020-NPL1 DAC: Rating Report

Nonperforming Loans

Summary

On 23 November 2020, DBRS Ratings Limited (DBRS Morningstar) assigned a rating of A (sf) with a Negative trend to the Class A notes issued by European Residential Loan Securitisation 2020-NPL1 DAC. Proceeds from the issuance of the notes were used to purchase first-charge nonperforming and reperforming Irish residential mortgage loans originated by Permanent TSB p.l.c. For insights beyond the rating, see the rating report.

Ratings

European Residential Loan Securitisation 2020-NPL1 DAC
  • 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