Hypenn RMBS VII B.V.: Rating Report

DBRS Ratings Limited (DBRS Morningstar) assigned a rating of AAA (sf) to the Class A notes issued by Hypenn RMBS VII B.V. (the Issuer). The transaction is collateralised by a portfolio of Dutch residential mortgage loans sold by Nationale-Nederlanden Bank N.V. (the Seller) and granted by Amstelhuys B.V. (the Originator) in the Netherlands. The Nationale Hypotheek Garantie (NHG) backs 50.7% of the loans in the portfolio.