Eridano II SPV S.r.l.: Presale Report

DBRS Morningstar assigned provisional ratings of AA (low) (sf) to the Class A Asset-Backed Floating-Rate Notes and A (sf) to the Class B Asset-Backed Floating-Rate Notes to be issued by Eridano II SPV S.r.l., a special-purpose vehicle incorporated under Italian law. The transaction represents the issuance of notes backed by a portfolio of receivables related to Italian salary and pension assignment loans as well as payment delegation loans granted to employees and pensioners residing in Italy. For insight beyond the ratings, see the presale report.