Credit Rating Report

SAFE Trust and SOUND TRUST, Transaction 85 Summary

ABCP

Summary

DBRS Limited (DBRS Morningstar) confirmed its ratings on the Senior Short-Term Notes, Series 1996-1 issued by SAFE Trust and the Senior Short-Term Notes, Series 1998-1 issued by SOUND Trust (collectively, the Trusts) at R-1 (high) (sf). The rating confirmations are based on the addition of a new transaction to the Trusts (Transaction 85) on October 27, 2020.

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