Red & Black Auto Lease France 1: Rating Report

On 27 October 2021, DBRS Ratings GmbH (DBRS Morningstar) finalised its provisional ratings on the following classes of notes 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 ratings to the Class C Notes issued in this transaction.