VCL Master Residual Value S.A., acting through its Compartment 2: Rating Report

DBRS Ratings Limited (DBRS) assigned new ratings to the following notes issued by VCL Master Residual Value S.A., acting on behalf of its Compartment 2 (the Issuer):

-- Series 2018-1 Class A Notes rated AAA (sf)
-- Series 2018-2 Class A Notes rated AAA (sf)
-- Series 2018-1 Class B Notes rated A (high) (sf)