DBRS Confirms BBB (high) (sf) Rating to the Class A Certificates of Mount Skylight Repackaging Trust

DBRS has today confirmed the rating of BBB (high) (sf) to the Class A Certificates issued by Mount Skylight Repackaging Trust. The obligation is collateralized primarily by a portfolio of U.S. residential mortgage-backed securities (RMBS), collateralized debt obligations (CDOs), and other asset-backed securities. The rating addresses the ultimate payment of interest and principal on or before the termination of the trust.

The confirmation of the BBB (high) (sf) rating reflects the ongoing performance of the collateral pool and the credit enhancement level above its minimum in order to withstand projected collateral loss rates under various cash flow stress scenarios.

The principle methodologies are Rating US & European Structured Finance CDO Restructurings and The CDO Toolbox, which can be found on our website under Methodologies.

Notes:
All figures are in U.S. dollars unless otherwise noted.