Sabadell Consumo 1 Fondo de Titulización: Rating Report

DBRS Ratings Limited (DBRS) finalised its provisional ratings on the Class A, Class B, Class C and Class D Notes (the Rated Notes) issued by Sabadell Consumo 1 Fondo de Titulización (the Issuer), as follows:

-- AA (low) (sf) to the Class A Notes
-- A (sf) to the Class B Notes
-- BBB (sf) to the Class C Notes
-- B (high) (sf) to the Class D Notes

The Class E, Class F and Class Z Notes are not rated by DBRS.