Credit Rating Report

Sirio NPL S.r.l.: Rating Report

Nonperforming Loans

Summary

DBRS Ratings GmbH (DBRS Morningstar) assigned a BBB (sf) rating with a Negative trend to the Class A notes (the rated notes) issued by Sirio NPL S.r.l. (Sirio, the Issuer, special-purpose vehicle or SPV).

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