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Presale: VCL Multi-Compartment S.A., Compartment VCL 31

S&P Global Ratings has assigned its preliminary credit ratings to VCL Multi-Compartment S.A., Compartment VCL 31's (VCL 31) class A and B notes. At closing, VCL 31 will also issue an unrated subordinated loan. Our preliminary ratings address timely payment of interest and ultimate payment of principal on the class A and B notes.

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