Morningstar DBRS Discontinues Credit Ratings on Golden Bar (Securitisation) S.r.l. - Series 2020-1

DBRS Ratings GmbH (Morningstar DBRS) discontinued its AAA (sf) credit ratings on the Class A and Class B 2020-1 Notes (the rated notes) issued by Golden Bar (Securitisation) S.r.l. - Series 2020-1.

The rated notes were redeemed by way of a set-off agreed by the noteholder on the 25 July 2024 payment date. Prior to their redemption, the outstanding principal balance of the Class A and Class B 2020-1 Notes was EUR 74,153,894.86 and 50,000,000.00, respectively.

The principal methodology applicable to the credit ratings is the "Master European Structured Finance Surveillance Methodology" (6 August 2024), https://dbrs.morningstar.com/research/437540.

In Morningstar DBRS' opinion, a Discontinued-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 credit rating action press release published for this transaction: https://dbrs.morningstar.com/research/427364.

The lead analyst responsibilities for this transaction have been transferred to Stefano Pruni.

Lead Analyst: Stefano Pruni, Senior Analyst
Rating Committee Chair: Alfonso Candelas, Associate Managing Director
Initial Rating Date: 27 February 2020

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.