Titan SPV S.r.l.: Rating Report

On 28 December 2020, DBRS Ratings GmbH (DBRS Morningstar) assigned a BBB (sf) rating with a Negative trend to the Class A notes issued by Titan SPV S.r.l. The transaction includes the issuance of Class A, Class B, and Class J notes backed by a mixed pool of Italian secured and unsecured nonperforming leases originated by Alba Leasing S.p.A., Banco BPM S.p.A. and Release S.p.A. For insight beyond the rating, see the rating report.