Credit Rating Report

U.S. Bank C&I Credit-Linked Notes, Series 2025-1: Credit Rating Report

Structured Credit

Summary

DBRS, Inc. (Morningstar DBRS) finalized the provisional credit ratings on the U.S. Bank C&I Credit-Linked Notes, Series 2025-1, Class B Notes (renamed from the Class B-2 Notes), Class C Notes, and Class D Notes. Morningstar DBRS also discontinued-withdrew its provisional credit ratings on the Class B-1 Notes, since the Class B-1 Notes were not issued.

Ratings

  • US = Lead Analyst based in USA
  • CA = Lead Analyst based in Canada
  • EU = Lead Analyst based in EU
  • UK = Lead Analyst based in UK
  • E = EU endorsed
  • U = UK endorsed
  • Unsolicited Participating With Access
  • Unsolicited Participating Without Access
  • Unsolicited Non-participating

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