Credit Rating Report

Asti Group RMBS II S.r.l.: Rating Report

RMBS

Summary

DBRS Ratings Limited (DBRS) assigned the following ratings to the EUR 825,000,000 Class A Notes (Class A Notes) and EUR 64,300,000 Class B Notes (Class B Notes; together with the Class A Notes, the Rated Notes) issued by Asti Group RMBS II S.r.l. (the Issuer):

-- Class A Notes at AA (low) (sf)
-- Class B Notes at BBB (high) (sf)

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