TAGUS – Sociedade de Titularização de Créditos, S.A. (Ulisses Finance No.2): Rating Report

On 28 September 2021, DBRS Ratings GmbH (DBRS Morningstar) finalised its provisional ratings to the following classes of notes issued by TAGUS – Sociedade de Titularização de Créditos, S.A. (Ulisses Finance No.2), a limited liability company incorporated under the laws of Portugal:

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