Morningstar DBRS Discontinues Credit Rating on FCT Crédit Agricole Habitat 2020

DBRS Ratings GmbH (Morningstar DBRS) discontinued its AAA (sf) credit rating on the Class A Notes issued by FCT Crédit Agricole Habitat 2020.

The discontinuation reflects the full repayment of the Class A Notes on the 27 January 2025 payment date. Prior to the repayment in full, the outstanding principal balance of the Class A Notes was EUR 1,000,000,000.

The principal methodology applicable to the credit rating is: "Master European Structured Finance Surveillance Methodology" (4 February 2025) https://dbrs.morningstar.com/research/447080.

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/429031.

Lead Analyst: Baran Cetin, Senior Analyst
Rating Committee Chair: Rehanna Sameja, Senior Vice President
Initial Rating Date: 25 February 2020

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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.