Morningstar DBRS Discontinues Credit Rating on Caixabank Consumo 5 F.T.
Consumer Loans & Credit CardsDBRS Ratings GmbH (Morningstar DBRS) discontinued its BB (high) (sf) credit rating on the Series B Notes issued by Caixabank Consumo 5 F.T.
The discontinuation reflects the full repayment of the Series B Notes on the 22 April 2025 payment date, following the transaction early liquidation. Prior to their repayment in full, the outstanding principal balance of the Series B Notes was EUR 177,202,176.30.
The principal methodology applicable to the credit rating is the Master European Structured Finance Surveillance Methodology (4 February 2025) https://dbrs.morningstar.com/research/447080.
In Morningstar DBRS' opinion, a Discontinue-Repaid 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/430836.
The lead analyst responsibilities for this transaction have been transferred to Stefano Pruni.
Lead Analyst: Stefano Pruni, Senior Analyst
Rating Committee Chair: Mark Wilder, Senior Vice President
Initial Rating Date: 18 June 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.
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