Morningstar DBRS Discontinues Credit Rating on Quarzo S.r.l. - Series 2020

DBRS Ratings GmbH (Morningstar DBRS) discontinued its AAA (sf) credit rating on the Class A Notes issued by Quarzo S.r.l. - Series 2020.

The discontinuation reflects the full repayment of the Class A Notes on the 18 March 2025 payment date. Prior to the repayment in full, the outstanding principal balance of the Class A Notes was EUR 36,975,540.80.

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 rating action press release published for this transaction: https://dbrs.morningstar.com/research/449133.

Lead Analyst: Helvia Meana, Assistant Vice President
Rating Committee Chair: Mark Wilder, Senior Vice President
Initial Rating Date: 17 April 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 dbrs.morningstar.com or contact us at info-DBRS@morningstar.com.