Credit Rating Report

Capella Financing S.à r.l.: Rating Report

Nonperforming Loans

Summary

DBRS Ratings GmbH (DBRS Morningstar) assigned a rating of BBB (high) (sf) with a Negative trend to the Class A notes issued by Capella Financing S.à r.l. DBRS Morningstar did not rate the Class B and Class Z notes also issued in the transaction.

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