Asset-Backed European Securitisation Transaction Fourteen S.r.l. : Rating Report
DBRS Ratings GmbH (DBRS Morningstar) took the following ration actions on the notes (together, the Rated Notes) issued by Asset-Backed European Securitisation Transaction Fourteen S.r.l. (the Issuer):-- Class A Asset-Backed Fixed-Rate Notes (Class A Notes) upgraded to AA (high) (sf) from AA (sf)
-- Class B Asset-Backed Fixed-Rate Notes (Class B Notes) upgraded to AA (low) (sf) from A (sf)
-- Class C Asset-Backed Fixed-Rate Notes (Class C Notes) upgraded to A (sf) from BBB (high) (sf)
-- Class D Asset-Backed Fixed-Rate Notes (Class D Notes) upgraded to BBB (low) (sf) from BB (high) (sf)
-- Class E Asset-Backed Fixed-Rate Notes (Class E Notes) confirmed at BB (low) (sf)
DBRS Morningstar is a global credit ratings business with 700 employees in eight offices globally. DBRS and Morningstar Credit Ratings are committed to empowering investor success, serving the market through leading-edge technology and raising the bar for the industry.
Together, we are the world’s fourth largest credit ratings agency and a market leader in Canada, the U.S. and Europe in multiple asset classes. We rate more than 2,600 issuers and 54,000 securities worldwide and are driven to bring more clarity, diversity and responsiveness to the ratings process. Our approach and size provide the agility to respond to customers’ needs, while being large enough to provide the necessary expertise and resources. For more details visit us at dbrs.com.
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