Mulcair Securities No.2 DAC: Presale Report

DBRS Ratings GmbH (DBRS Morningstar) assigned the following provisional ratings to the notes to be issued by Mulcair Securities No. 2 DAC:

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

The Class Z notes also expected to be issued in the transaction are not rated by DBRS Morningstar.