Credit Rating Report

VCL Multi-Compartment S.A., acting for and on behalf of its Compartment VCL 34: Rating Report

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Summary

On 25 November 2021, DBRS Ratings GmbH (DBRS Morningstar) finalised its provisional ratings on the following classes of notes issued by VCL Multi-Compartment S.A., acting for and on behalf of its Compartment VCL 34:

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

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