Following our review of Jubilee Place 5 B.V., we raised our ratings on the class B-Dfrd, C-Dfrd, D-Dfrd, E-Dfrd, and F-Dfrd notes. At the same time, we affirmed our rating on the class A notes. Jubilee Place 5 is a Dutch RMBS transaction that closed in November 2022 and securitizes a pool of buy-to-let loans secured on first-ranking mortgages in the Netherlands. PARIS (S&P Global Ratings) May 14, 2025--S&P Global Ratings today raised to 'AA+ (sf)' from 'AA (sf)', 'AA (sf)' from 'A (sf)', 'AA- (sf)' from 'BBB+ (sf)', 'A (sf)' from 'BBB-', and 'BBB (sf)' from 'BB- (sf)' its credit ratings on Jubilee Place 5 B.V.'s class B-Dfrd, C-Dfrd, D-Dfrd, E-Dfrd, and F-Dfrd notes, respectively. At the same time,
