Morningstar DBRS Discontinues Credit Rating on Valconca SPV S.r.l. (RMBS)

DBRS Ratings GmbH (Morningstar DBRS) discontinued its AA (high) (sf) credit ratings on the Class A Notes issued by Valconca SPV S.r.l. (RMBS).

The discontinuation reflects the full repayment of the Class A Notes on the 30 January 2025 payment date. Prior to the repayment in full, the outstanding principal balance of the Class A Notes was EUR 20,455,509.48.

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 rating action press release published for this transaction: https://dbrs.morningstar.com/research/427976.

Lead Analyst: Shalva Beshia, Assistant Vice President,
Rating Committee Chair: Alfonso Candelas, Associate Managing Director
Initial Rating Date: 28 June 2018

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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.