VCP CLO II, Ltd.: Presale Report

DBRS, Inc. (DBRS Morningstar) assigned the following provisional ratings to the Class A-1 Notes, Class A-2 Notes, Class B-1 Notes, Class B-2 Notes, Class C Notes, Class D Notes, and Class E Notes (together, the Secured Notes) to be issued by VCP CLO II, Ltd. (the Issuer or VCP CLO II) and VCP CLO II, LLC (the Co-Issuer; together, with the Issuer, the Co-Issuers) pursuant to the Indenture to be dated as of [March] [4], 2021, by and among the Co-Issuers and Wells Fargo Bank, National Association as the Trustee:

-- Class A-1 Notes rated AAA (sf)
-- Class A-2 Notes rated AAA (sf)
-- Class B-1 Notes rated AA (sf)
-- Class B-2 Notes rated AA (sf)
-- Class C Notes rated A (sf)
-- Class D Notes rated BBB (low) (sf)
-- Class E Notes rated BB (low) (sf)