E-CARAT 12 plc: Rating Report

On 10 June 2021, DBRS Ratings Limited (DBRS Morningstar) finalised its provisional ratings on the following classes of notes issued by E-CARAT 12 plc, a public limited company incorporated under the laws of England and Wales:

-- Class A Notes at AAA (sf)
-- Class B Notes at AA (sf)

DBRS Morningstar did not assign a rating to the Class C Notes issued in this transaction.