DBRS Takes Rating Actions on U.S. RMBS Securities
RMBSDBRS, Inc. has today taken rating actions on 460 classes from 42 U.S. RMBS transactions. Of the 460 ratings reviewed, 358 were confirmed, 71 classes were upgraded, and 31 classes were set to Discontinued-Repaid due to a repayment of principal balances to noteholders.
The classes that have been upgraded exhibited positive performance trends that have led to increases in credit support sufficient to withstand stresses at their new rating level or are linked to the rating of corporate entities providing credit support to the tranche or transaction. For classes where ratings have been confirmed, current asset performance and credit support levels have been consistent with the current ratings.
The transactions affected by the rating actions consist of U.S. ReREMIC transactions. A majority of the pools backing these transactions consist of primarily Prime, and Alt-A residential loans.
Notes:
The applicable methodologies are U.S. RMBS Surveillance Methodology, RMBS Insight: U.S. Residential Mortgage-Backed Securities Loss Model and Rating Methodology, which can be found on our website under Methodologies.
These ratings are endorsed by DBRS Ratings Limited for use in the European Union.
Ratings
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