Morningstar DBRS Discontinues Credit Rating on Futura 2019 S.r.l.

DBRS Ratings GmbH (Morningstar DBRS) discontinued its BBB (high) (sf) credit rating on the Class A Notes issued by Futura 2019 S.r.l.

The discontinuation reflects the full repayment of the Class A Notes on the 31 July 2024 payment date. Prior to the full repayment, the outstanding principal balance of the Class A Notes was EUR 12,332,216.97.

The principal methodology applicable to the credit rating is: Master European Structured Finance Surveillance Methodology (7 March 2024) https://dbrs.morningstar.com/research/429051.

In Morningstar DBRS' opinion, a Discontinue-Repaid credit rating action does not warrant the application of the entire principal methodology.

For details on analytical and regulatory disclosures please refer to the latest rating action press release published for this transaction: https://dbrs.morningstar.com/research/417711/dbrs-morningstar-confirms-credit-rating-on-futura-2019-srl-changes-trend-to-negative-from-stable.

Lead Analyst: Sijia Aulenbacher, Senior Analyst
Rating Committee Chair: Alfonso Candelas, Associate Managing Director
Initial Rating Date: 16 December 2019

DBRS Ratings GmbH
Neue Mainzer Straße 75
60311 Frankfurt am Main Deutschland
Tel. +49 (69) 8088 3500
Geschäftsführer: Detlef Scholz
Amtsgericht Frankfurt am Main, HRB 110259

A description of how Morningstar DBRS analyses structured finance transactions and how the methodologies are collectively applied can be found at: https://dbrs.morningstar.com/research/278375.

For more information on this credit or on this industry, visit https://dbrs.morningstar.com or contact us at info-DBRS@morningstar.com.