Presale Report

VCL Multi-Compartment S.A., acting for and on behalf of its Compartment VCL 33: Presale Report

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Summary

On 5 May 2021, DBRS Ratings GmbH (DBRS Morningstar) assigned provisional ratings to the Class A Notes and Class B Notes (together, the Notes) to be issued by VCL Multi-Compartment S.A., acting for and on behalf of its Compartment VCL 33 (the Issuer) as follows:

-- Class A Notes at AAA (sf)
-- Class B Notes at AA (low) (sf)