Charles Street Conduit Asset Backed Securitisation 1 Limited: Rating Report

DBRS Ratings Limited (DBRS) assigned ratings of AA (sf), BBB (high) (sf), and BB (high) (sf) to the Class A Notes, Class B Notes and Class C Notes (collectively, the Notes), respectively, in the Notes Issuance Facility (NIF) of Charles Street Conduit Asset Backed Securitisation 1 Limited (CABS or the Issuer). The ratings followed the transaction amendment (2018 Amendment) that took place on 13 September 2018.