Credit Rating Report

abc SME Lease Germany S.A., acting in respect of its Compartment 9: Rating Report

Consumer/Commercial Leases

Summary

DBRS Ratings GmbH (DBRS Morningstar) finalised its provisional credit ratings on the following classes of notes issued by abc SME Lease Germany S.A., acting in respect of its Compartment 9:

-- Class A Fixed Rate Amortising Notes (the Class A Notes) at AAA (sf)
-- Class B Fixed Rate Amortising Notes (the Class B Notes) at AA (high) (sf)

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