Deco 2019 - Vivaldi S.r.l.: Presale Report

DBRS Ratings GmbH (DBRS) assigned provisional ratings to the following classes of Commercial Mortgage-Backed Floating-Rate Notes due August 2031 (collectively, the Notes) to be issued by Deco 2019 - Vivaldi S.R.L. (the Issuer):

-- Class A Notes rated A (high) (sf)
-- Class B Notes rated A (low) (sf)
-- Class C Notes rated BBB (low) (sf)
-- Class D Notes rated BB (low) (sf)
-- Class E Notes rated BB (low) (sf)

All trends are Stable.