Credit Rating Report

abc SME Lease Germany S.A., acting in respect of its Compartment 6: Rating Report

Consumer/Commercial Leases

Summary

DBRS Ratings GmbH (DBRS Morningstar) assigned a AAA (sf) rating to the Class A Notes and an A (high) (sf) rating to the Class B Notes issued by abc SME Lease Germany SA, acting in respect of its Compartment 6 (the Issuer). DBRS Morningstar does not rate the Class C Notes issued in this transaction.

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