Red & Black Auto Italy S.r.l.: Presale Report

On 28 September 2021, DBRS Ratings GmbH (DBRS Morningstar) assigned provisional ratings to the following classes of notes to be issued by Red & Black Auto Italy S.r.l.:

-- Class A Notes at AA (high) (sf)
-- Class B Notes at AA (low) (sf)
-- Class C Notes at BBB (high) (sf)
-- Class D Notes at BB (high) (sf)

DBRS Morningstar did not assign ratings to the Class J Notes to be issued in this transaction.