Morningstar DBRS Discontinues Credit Rating on IM BCG RMBS 2, FONDO DE TITULIZACIÓN DE ACTIVOS

DBRS Ratings GmbH (Morningstar DBRS) discontinued its AAA (sf) credit rating on the Class A Notes issued by IM BCG RMBS 2, FONDO DE TITULIZACIÓN DE ACTIVOS

The discontinuation reflects the full repayment of the Class A Notes following the exercise of the early liquidation event on the 22 October 2024 payment date. Prior to their repayment in full, the outstanding principal balance of the Class A Notes was EUR 395,716,220.90.

The principal methodology applicable to the credit rating is: 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 rating action press release published for this transaction: https://dbrs.morningstar.com/research/437968.

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: 19 November 2013

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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/439604.

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