Morningstar DBRS Discontinues Credit Rating on Quarzo S.r.l. - Series 2017

DBRS Ratings GmbH (Morningstar DBRS) discontinued its AAA (sf) credit rating on the Series A Notes issued by Quarzo S.r.l. - Series 2017.

The discontinuation reflects the full repayment of the Series A Notes on the 16 September 2024 payment date. Prior to their repayment in full, the outstanding principal balance of the Series A Notes was EUR 67,233,060.38.

The principal methodology applicable to the credit rating is: Master European Structured Finance Surveillance Methodology (19 November 2024), https://dbrs.morningstar.com/research/443204.

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/438137.

Lead Analyst: Helvia Meana, Assistant Vice President
Rating Committee Chair: Mark Wilder, Senior Vice President
Initial Rating Date: February 15, 2017

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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 https://dbrs.morningstar.com  or contact us at info-DBRS@morningstar.com.