Taurus 2021-1 UK DAC: Presale Report

Summary

DBRS Ratings Limited (DBRS Morningstar) assigned provisional ratings to the notes expected to be issued by Taurus 2021-1 UK DAC, the securitisation of a senior commercial real estate loan secured by 45 light-industrial and logistics assets in the United Kingdom with a large concentration in London and the South East. For insight beyond the ratings, see the presale report.

Available Documents

Ratings

Date Issued	Debt Rated	Rating	Trend	Action	Attributesi
10-Feb-21	Class A	AAA (sf)	Stb	Provis.-New	UK E
10-Feb-21	Class B	AA (low) (sf)	Stb	Provis.-New	UK E
10-Feb-21	Class C	A (low) (sf)	Stb	Provis.-New	UK E
10-Feb-21	Class D	BBB (low) (sf)	Stb	Provis.-New	UK E
10-Feb-21	Class E	BB (low) (sf)	Stb	Provis.-New	UK E

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Taurus 2021-1 UK DAC

Class A

Date Issued:Feb 10, 2021
Rating Action:Provis.-New
Ratings:AAA (sf)
Trend:Stb
Rating Recovery:
Issued:UKE

Class B

Date Issued:Feb 10, 2021
Rating Action:Provis.-New
Ratings:AA (low) (sf)
Trend:Stb
Rating Recovery:
Issued:UKE

Class C

Date Issued:Feb 10, 2021
Rating Action:Provis.-New
Ratings:A (low) (sf)
Trend:Stb
Rating Recovery:
Issued:UKE

Class D

Date Issued:Feb 10, 2021
Rating Action:Provis.-New
Ratings:BBB (low) (sf)
Trend:Stb
Rating Recovery:
Issued:UKE

Class E

Date Issued:Feb 10, 2021
Rating Action:Provis.-New
Ratings:BB (low) (sf)
Trend:Stb
Rating Recovery:
Issued:UKE

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Taurus 2021-1 UK DAC: Presale Report

Summary

Available Documents