Credit Rating Report

VCL Master Residual Value S.A., acting with respect to its Compartment 2: Rating Report

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Summary

DBRS Ratings GmbH (Morningstar DBRS) assigned AAA (sf) credit ratings to the Series 2024-1, Class A Notes and Series 2024-2, Class A Notes, which were newly issued by VCL Master Residual Value S.A., acting with respect to its Compartment 2.

Ratings

  • US = Lead Analyst based in USA
  • CA = Lead Analyst based in Canada
  • EU = Lead Analyst based in EU
  • UK = Lead Analyst based in UK
  • E = EU endorsed
  • U = UK endorsed
  • Unsolicited Participating With Access
  • Unsolicited Participating Without Access
  • Unsolicited Non-participating

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