Presale Report

Tagus – Sociedade de Titularização de Créditos, S.A., Viriato Finance No. 1: Presale Report

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Summary

DBRS Ratings GmbH (DBRS Morningstar) assigned provisional ratings to the following classes of notes to be issued by Tagus – Sociedade de Titularização de Créditos, S.A., Viriato Finance No. 1:

-- Class A notes at AA (low) (sf)
-- Class B notes at A (high) (sf)
-- Class C notes at BBB (high) (sf)
-- Class D notes at BB (high) (sf)
-- Class E notes at B (sf)

DBRS Morningstar does not rate the Class F, Class R, or Class X notes also expected to be issued in the transaction.