Delft 2020 B.V.: Rating Report

DBRS Ratings GmbH (DBRS Morningstar) finalised its provisional ratings on the following notes issued by Delft 2020 B.V. (Delft 2020; the issuer):

-- Class A notes at AAA (sf)
-- Class B notes at AA (sf)
-- Class C notes at A (sf)
-- Class D notes at BBB (sf)
-- Class E notes at BB (low) (sf)
-- Class F notes at B (low) (sf)