Credit Rating Report

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

Auto

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

  • Date IssuedDebt RatedRatingTrendActionAttributesi
    25-Sep-24Series 2015-1, Class A Notes AAA (sf)--Confirmed
    EU
    U
    25-Sep-24Series 2015-2, Class A Notes AAA (sf)--Confirmed
    EU
    U
    25-Sep-24Series 2015-3, Class A NotesAAA (sf)--Confirmed
    EU
    U
    25-Sep-24Series 2015-4, Class A Notes AAA (sf)--Confirmed
    EU
    U
    25-Sep-24Series 2015-5, Class A NotesAAA (sf)--Confirmed
    EU
    U
    25-Sep-24Series 2015-6, Class A Notes AAA (sf)--Confirmed
    EU
    U
    25-Sep-24Series 2016-1, Class A Notes AAA (sf)--Confirmed
    EU
    U
    25-Sep-24Series 2016-2, Class A NotesAAA (sf)--Confirmed
    EU
    U
    25-Sep-24Series 2016-4, Class A Notes AAA (sf)--Confirmed
    EU
    U
    25-Sep-24Series 2018-2, Class A NotesAAA (sf)--Confirmed
    EU
    U
    25-Sep-24Series 2018-4, Class A Notes AAA (sf)--Confirmed
    EU
    U
    25-Sep-24Series 2018-5, Class A NotesAAA (sf)--Confirmed
    EU
    U
    25-Sep-24Series 2021-1, Class A NotesAAA (sf)--New Rating
    EU
    U
    25-Sep-24Series 2021-2, Class A NotesAAA (sf)--Confirmed
    EU
    U
    25-Sep-24Series 2023-1, Class A NotesAAA (sf)--Confirmed
    EU
    U
    25-Sep-24Series 2023-2, Class A NotesAAA (sf)--Confirmed
    EU
    U
    25-Sep-24Series 2024-1, Class A NotesAAA (sf)--New Rating
    EU
    U
    25-Sep-24Series 2024-2, Class A NotesAAA (sf)--New Rating
    EU
    U
    25-Sep-24Series 2015-1, Class B Notes AA (low) (sf)--Confirmed
    EU
    U
    25-Sep-24Series 2016-3, Class B Notes AA (low) (sf)--Confirmed
    EU
    U
    25-Sep-24Series 2018-2, Class B Notes AA (low) (sf)--Confirmed
    EU
    U
    25-Sep-24Series 2020-1, Class B NotesAA (low) (sf)--Confirmed
    EU
    U
    25-Sep-24Series 2023-1, Class B NotesAA (low) (sf)--Confirmed
    EU
    U
    25-Sep-24Series 2015-3, Class B Notes Discontinued--Disc.-Repaid
    EU
    25-Sep-24Series 2022-1, Class A NotesDiscontinued--Disc.-Repaid
    EU
    More
    Less
VCL Master Residual Value S.A., acting with respect to its Compartment 2
  • Date Issued:Sep 25, 2024
  • Rating Action:Confirmed
  • Ratings:AAA (sf)
  • Trend:--
  • Rating Recovery:
  • Issued:EUU
  • Date Issued:Sep 25, 2024
  • Rating Action:Confirmed
  • Ratings:AAA (sf)
  • Trend:--
  • Rating Recovery:
  • Issued:EUU
  • Date Issued:Sep 25, 2024
  • Rating Action:Confirmed
  • Ratings:AAA (sf)
  • Trend:--
  • Rating Recovery:
  • Issued:EUU
  • Date Issued:Sep 25, 2024
  • Rating Action:Confirmed
  • Ratings:AAA (sf)
  • Trend:--
  • Rating Recovery:
  • Issued:EUU
  • Date Issued:Sep 25, 2024
  • Rating Action:Confirmed
  • Ratings:AAA (sf)
  • Trend:--
  • Rating Recovery:
  • Issued:EUU
  • Date Issued:Sep 25, 2024
  • Rating Action:Confirmed
  • Ratings:AAA (sf)
  • Trend:--
  • Rating Recovery:
  • Issued:EUU
  • Date Issued:Sep 25, 2024
  • Rating Action:Confirmed
  • Ratings:AAA (sf)
  • Trend:--
  • Rating Recovery:
  • Issued:EUU
  • Date Issued:Sep 25, 2024
  • Rating Action:Confirmed
  • Ratings:AAA (sf)
  • Trend:--
  • Rating Recovery:
  • Issued:EUU
  • Date Issued:Sep 25, 2024
  • Rating Action:Confirmed
  • Ratings:AAA (sf)
  • Trend:--
  • Rating Recovery:
  • Issued:EUU
  • Date Issued:Sep 25, 2024
  • Rating Action:Confirmed
  • Ratings:AAA (sf)
  • Trend:--
  • Rating Recovery:
  • Issued:EUU
  • Date Issued:Sep 25, 2024
  • Rating Action:Confirmed
  • Ratings:AAA (sf)
  • Trend:--
  • Rating Recovery:
  • Issued:EUU
  • Date Issued:Sep 25, 2024
  • Rating Action:Confirmed
  • Ratings:AAA (sf)
  • Trend:--
  • Rating Recovery:
  • Issued:EUU
  • Date Issued:Sep 25, 2024
  • Rating Action:New Rating
  • Ratings:AAA (sf)
  • Trend:--
  • Rating Recovery:
  • Issued:EUU
  • Date Issued:Sep 25, 2024
  • Rating Action:Confirmed
  • Ratings:AAA (sf)
  • Trend:--
  • Rating Recovery:
  • Issued:EUU
  • Date Issued:Sep 25, 2024
  • Rating Action:Confirmed
  • Ratings:AAA (sf)
  • Trend:--
  • Rating Recovery:
  • Issued:EUU
  • Date Issued:Sep 25, 2024
  • Rating Action:Confirmed
  • Ratings:AAA (sf)
  • Trend:--
  • Rating Recovery:
  • Issued:EUU
  • Date Issued:Sep 25, 2024
  • Rating Action:New Rating
  • Ratings:AAA (sf)
  • Trend:--
  • Rating Recovery:
  • Issued:EUU
  • Date Issued:Sep 25, 2024
  • Rating Action:New Rating
  • Ratings:AAA (sf)
  • Trend:--
  • Rating Recovery:
  • Issued:EUU
  • Date Issued:Sep 25, 2024
  • Rating Action:Confirmed
  • Ratings:AA (low) (sf)
  • Trend:--
  • Rating Recovery:
  • Issued:EUU
  • Date Issued:Sep 25, 2024
  • Rating Action:Confirmed
  • Ratings:AA (low) (sf)
  • Trend:--
  • Rating Recovery:
  • Issued:EUU
  • Date Issued:Sep 25, 2024
  • Rating Action:Confirmed
  • Ratings:AA (low) (sf)
  • Trend:--
  • Rating Recovery:
  • Issued:EUU
  • Date Issued:Sep 25, 2024
  • Rating Action:Confirmed
  • Ratings:AA (low) (sf)
  • Trend:--
  • Rating Recovery:
  • Issued:EUU
  • Date Issued:Sep 25, 2024
  • Rating Action:Confirmed
  • Ratings:AA (low) (sf)
  • Trend:--
  • Rating Recovery:
  • Issued:EUU
  • Date Issued:Sep 25, 2024
  • Rating Action:Disc.-Repaid
  • Ratings:Discontinued
  • Trend:--
  • Rating Recovery:
  • Issued:EU
  • Date Issued:Sep 25, 2024
  • Rating Action:Disc.-Repaid
  • Ratings:Discontinued
  • Trend:--
  • Rating Recovery:
  • Issued:EU
  • 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

Enjoying our exclusive insights?

Register for a free account to get unrestricted access to our in-depth research, presale and ratings reports, and more. Access is limited for unregistered users.

Related Documents

Issuers

Contacts

More from Morningstar DBRS