Credit Rating Report

Veicolo di Sistema S.r.l.: Presale Report

Nonperforming Loans

Summary

DBRS Ratings GmbH (DBRS Morningstar) assigned a BBB (low) (sf) provisional credit rating with a Stable trend to the EUR 70,000,000 Class A Notes to be issued by Veicolo di Sistema S.r.l. (the Issuer).

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