Bastion 2020-1 NHG B.V.: Presale Report

DBRS Ratings GmbH (DBRS Morningstar) assigned a provisional rating of AAA (sf) to the Class A notes to be issued by Bastion 2020-1 NHG B.V. (the Issuer), collateralised by a portfolio of Dutch residential mortgage loans sold by MeDirect Bank NV/SA (the Seller) and granted by HollandWoont B.V. (the Originator) in the Netherlands. The Nationale Hypotheek Garantie backs all of the loans in the portfolio.