Credit Rating Report

Castell 2018-1 PLC: Rating Report

RMBS

Summary

DBRS Ratings Limited (DBRS) finalised its provisional ratings of the notes issued by Castell 2018-1 PLC as follows:

-- Class A rated AAA (sf)
-- Class B rated AA (low) (sf)
-- Class C rated A (low) (sf)
-- Class D rated BBB (high) (sf)
-- Class E rated BB (high) (sf)
-- Class F rated B (low) (sf) (together, the Rated Notes)

The Class X notes and Class Z notes are not rated.

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