Credit Rating Report

VCL Master S.A., acting with respect to its Compartment 1: Rating Report

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Summary

On 28 May 2024, DBRS Ratings GmbH (Morningstar DBRS) assigned a credit rating of AAA (sf) to the Series 2024-1, Class A Notes issued by VCL Master S.A., acting with respect to its Compartment 1.

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