Credit Rating Report

European Residential Loan Securitisation 2018-1 DAC: Rating Report

Nonperforming Loans

Summary

DBRS Ratings Limited (DBRS) finalised its provisional ratings assigned to the following classes of notes issued by European Residential Loan Securitisation 2018-1 DAC (the Issuer):

-- Class A at A(sf)
-- Class B at BBB(sf)

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