Credit Rating Report

Alba 10 SPV S.r.l.: Rating Report

Consumer/Commercial Leases

Summary

On 29 November 2019, DBRS Ratings Limited (DBRS) assigned the following ratings to the notes issued by Alba 10 SPV S.r.l. (the Issuer):

--Class A1 Notes at AAA (sf)
--Class A2 Notes at AA (high) (sf)
--Class B Notes at A (high) (sf)
--Class C Notes at BBB (sf)

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