Red & Black Auto Lease France 1: Presale Report

On 5 October 2021, DBRS Ratings GmbH (DBRS Morningstar) assigned provisional ratings to the following classes of notes to be issued by Red & Black Auto Lease France 1, a French Fonds Commun de Titrisation:

-- Class A Notes at AAA (sf)
-- Class B Notes at BBB (low) (sf)

DBRS Morningstar did not assign provisional ratings to the Class C Notes to be issued in this transaction.