Press Release

DBRS Takes Rating Actions on U.S. RMBS Securities

RMBS
October 31, 2013

DBRS, Inc. has today taken rating actions on 549 classes from 52 U.S. RMBS transactions. Of the 549 ratings reviewed, 445 were confirmed, 63 classes were upgraded, 6 classes were downgraded, and 35 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 downgrades taken reflect a combination of the continued erosion of credit support in these transactions as a result of negative trends in delinquency and projected loss activity.

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

  • ASG Resecuritization Trust 2009-1

    Date IssuedDebt RatedRatingTrendActionAttributesi
    31-Oct-13REMIC Notes, Series 2009-1, Class A45AAA (sf)--Confirmed
    US
    31-Oct-13REMIC Notes, Series 2009-1, Class A50AAA (sf)--Confirmed
    US
    31-Oct-13REMIC Notes, Series 2009-1, Class A55AAA (sf)--Confirmed
    US
    31-Oct-13REMIC Notes, Series 2009-1, Class A60AAA (sf)--Confirmed
    US
    31-Oct-13REMIC Notes, Series 2009-1, Class G45AAA (sf)--Confirmed
    US
    31-Oct-13REMIC Notes, Series 2009-1, Class G50AAA (sf)--Confirmed
    US
    31-Oct-13REMIC Notes, Series 2009-1, Class G55AAA (sf)--Confirmed
    US
    31-Oct-13REMIC Notes, Series 2009-1, Class G60AAA (sf)--Confirmed
    US
    31-Oct-13REMIC Notes, Series 2009-1, Class A65AA (sf)--Confirmed
    US
    31-Oct-13REMIC Notes, Series 2009-1, Class G65AA (sf)--Confirmed
    US
    31-Oct-13REMIC Notes, Series 2009-1, Class A70A (sf)--Confirmed
    US
    31-Oct-13REMIC Notes, Series 2009-1, Class G70A (sf)--Confirmed
    US
    31-Oct-13REMIC Notes, Series 2009-1, Class A75BB (high) (sf)--Confirmed
    US
    31-Oct-13REMIC Notes, Series 2009-1, Class G75BB (high) (sf)--Confirmed
    US
    More
    Less

  • ASG Resecuritization Trust 2009-5

    Date IssuedDebt RatedRatingTrendActionAttributesi
    31-Oct-13REMIC Notes, Series 2009-5, Class A40AAA (sf)--Confirmed
    US
    31-Oct-13REMIC Notes, Series 2009-5, Class A45AAA (sf)--Confirmed
    US
    31-Oct-13REMIC Notes, Series 2009-5, Class G40AAA (sf)--Confirmed
    US
    31-Oct-13REMIC Notes, Series 2009-5, Class G45AAA (sf)--Confirmed
    US
    31-Oct-13REMIC Notes, Series 2009-5, Class A50AA (sf)--Confirmed
    US
    31-Oct-13REMIC Notes, Series 2009-5, Class G50AA (sf)--Confirmed
    US
    31-Oct-13REMIC Notes, Series 2009-5, Class A35Discontinued--Disc.-Repaid
    US
    31-Oct-13REMIC Notes, Series 2009-5, Class G35Discontinued--Disc.-Repaid
    US
    More
    Less

  • ASG Resecuritization Trust 2010-2

    Date IssuedDebt RatedRatingTrendActionAttributesi
    31-Oct-13REMIC Notes, Series 2010-2, Class A40AAA (sf)--Confirmed
    US
    31-Oct-13REMIC Notes, Series 2010-2, Class A45AAA (sf)--Confirmed
    US
    31-Oct-13REMIC Notes, Series 2010-2, Class A50AAA (sf)--Confirmed
    US
    31-Oct-13REMIC Notes, Series 2010-2, Class G40AAA (sf)--Confirmed
    US
    31-Oct-13REMIC Notes, Series 2010-2, Class G45AAA (sf)--Confirmed
    US
    31-Oct-13REMIC Notes, Series 2010-2, Class G50AAA (sf)--Confirmed
    US
    31-Oct-13REMIC Notes, Series 2010-2, Class A55AA (sf)--Confirmed
    US
    31-Oct-13REMIC Notes, Series 2010-2, Class A60AA (sf)--Confirmed
    US
    31-Oct-13REMIC Notes, Series 2010-2, Class G55AA (sf)--Confirmed
    US
    31-Oct-13REMIC Notes, Series 2010-2, Class G60AA (sf)--Confirmed
    US
    31-Oct-13REMIC Notes, Series 2010-2, Class A35Discontinued--Disc.-Repaid
    US
    31-Oct-13REMIC Notes, Series 2010-2, Class G35Discontinued--Disc.-Repaid
    US
    More
    Less

  • ASG Resecuritization Trust 2011-2

    Date IssuedDebt RatedRatingTrendActionAttributesi
    31-Oct-13REMIC Notes, Series 2011-2, Class A43FAAA (sf)--Confirmed
    US
    E
    31-Oct-13REMIC Notes, Series 2011-2, Class A43SAAA (sf)--Confirmed
    US
    E
    31-Oct-13REMIC Notes, Series 2011-2, Class G38FAAA (sf)--Confirmed
    US
    E
    31-Oct-13REMIC Notes, Series 2011-2, Class G38SAAA (sf)--Confirmed
    US
    E
    31-Oct-13REMIC Notes, Series 2011-2, Class G43FAAA (sf)--Confirmed
    US
    E
    31-Oct-13REMIC Notes, Series 2011-2, Class G43SAAA (sf)--Confirmed
    US
    E
    31-Oct-13REMIC Notes, Series 2011-2, Class A48FAA (sf)--Confirmed
    US
    E
    31-Oct-13REMIC Notes, Series 2011-2, Class A48SAA (sf)--Confirmed
    US
    E
    31-Oct-13REMIC Notes, Series 2011-2, Class G48FAA (sf)--Confirmed
    US
    E
    31-Oct-13REMIC Notes, Series 2011-2, Class G48SAA (sf)--Confirmed
    US
    E
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    Less

  • BCAP LLC 2008-RR2 Trust

  • BCAP LLC 2009-RR14 Trust

    Date IssuedDebt RatedRatingTrendActionAttributesi
    31-Oct-13Resecuritization Trust Securities, Class III-A1AAA (sf)--Confirmed
    US
    31-Oct-13Resecuritization Trust Securities, Class III-A2A (high) (sf)--Confirmed
    US
    More
    Less

  • BCAP LLC 2009-RR2 Trust

    Date IssuedDebt RatedRatingTrendActionAttributesi
    31-Oct-13Resecuritization Pass-Through Certificates, Series 2009-RR2, Class A-1AAA (sf)--Confirmed
    US
    31-Oct-13Resecuritization Pass-Through Certificates, Series 2009-RR2, Class A-3AAA (sf)--Confirmed
    US
    31-Oct-13Resecuritization Pass-Through Certificates, Series 2009-RR2, Class A-4AAA (sf)--Confirmed
    US
    31-Oct-13Resecuritization Pass-Through Certificates, Series 2009-RR2, Class A-5AAA (sf)--Confirmed
    US
    31-Oct-13Resecuritization Pass-Through Certificates, Series 2009-RR2, Class A-6AAA (sf)--Confirmed
    US
    More
    Less

  • BCAP LLC 2010-RR8 Trust

    Date IssuedDebt RatedRatingTrendActionAttributesi
    31-Oct-13Resecuritization Trust Securities, Class 1A2AAA (sf)--Confirmed
    US
    31-Oct-13Resecuritization Trust Securities, Class 1A3AAA (sf)--Upgraded
    US
    31-Oct-13Resecuritization Trust Securities, Class 1A4AAA (sf)--Confirmed
    US
    31-Oct-13Resecuritization Trust Securities, Class 1A5AAA (sf)--Upgraded
    US
    31-Oct-13Resecuritization Trust Securities, Class 1A6AAA (sf)--Upgraded
    US
    31-Oct-13Resecuritization Trust Securities, Class 2A1AAA (sf)--Confirmed
    US
    31-Oct-13Resecuritization Trust Securities, Class 2A2AAA (sf)--Confirmed
    US
    31-Oct-13Resecuritization Trust Securities, Class 2A4AAA (sf)--Confirmed
    US
    31-Oct-13Resecuritization Trust Securities, Class 3A2AAA (sf)--Confirmed
    US
    31-Oct-13Resecuritization Trust Securities, Class 3A3AAA (sf)--Confirmed
    US
    31-Oct-13Resecuritization Trust Securities, Class 2A3AA (sf)--Confirmed
    US
    31-Oct-13Resecuritization Trust Securities, Class 2A5AA (sf)--Confirmed
    US
    31-Oct-13Resecuritization Trust Securities, Class 2A6AA (sf)--Confirmed
    US
    31-Oct-13Resecuritization Trust Securities, Class 3A4AA (sf)--Confirmed
    US
    31-Oct-13Resecuritization Trust Securities, Class 3A5AA (sf)--Confirmed
    US
    31-Oct-13Resecuritization Trust Securities, Class 3A6AA (sf)--Confirmed
    US
    31-Oct-13Resecuritization Trust Securities, Class 1A1Discontinued--Disc.-Repaid
    US
    More
    Less

  • Banc of America Funding 2010-R11 Trust

    Date IssuedDebt RatedRatingTrendActionAttributesi
    31-Oct-13Mortgage Security-Backed Certificates, Class 1-A-1AAA (sf)--Confirmed
    US
    31-Oct-13Mortgage Security-Backed Certificates, Class 4-A-1AAA (sf)--Confirmed
    US
    31-Oct-13Mortgage Security-Backed Certificates, Class 4-A-2AAA (sf)--Confirmed
    US
    31-Oct-13Mortgage Security-Backed Certificates, Class 4-A-5AAA (sf)--Confirmed
    US
    31-Oct-13Mortgage Security-Backed Certificates, Class 5-A-1AAA (sf)--Confirmed
    US
    31-Oct-13Mortgage Security-Backed Certificates, Class 5-A-2AAA (sf)--Confirmed
    US
    31-Oct-13Mortgage Security-Backed Certificates, Class 5-A-3AAA (sf)--Upgraded
    US
    31-Oct-13Mortgage Security-Backed Certificates, Class 5-A-5AAA (sf)--Confirmed
    US
    31-Oct-13Mortgage Security-Backed Certificates, Class 5-A-6AAA (sf)--Upgraded
    US
    31-Oct-13Mortgage Security-Backed Certificates, Class 1-A-2AA (high) (sf)--Confirmed
    US
    31-Oct-13Mortgage Security-Backed Certificates, Class 1-A-5AA (high) (sf)--Confirmed
    US
    31-Oct-13Mortgage Security-Backed Certificates, Class 4-A-3AA (sf)--Confirmed
    US
    31-Oct-13Mortgage Security-Backed Certificates, Class 4-A-6AA (sf)--Confirmed
    US
    31-Oct-13Mortgage Security-Backed Certificates, Class 1-A-3A (high) (sf)--Confirmed
    US
    31-Oct-13Mortgage Security-Backed Certificates, Class 1-A-6A (high) (sf)--Confirmed
    US
    More
    Less

  • Banc of America Funding 2010-R9 Trust

    Date IssuedDebt RatedRatingTrendActionAttributesi
    31-Oct-13Mortgage Security-Backed Certificates, Class 3-A-1AAA (sf)--Confirmed
    US
    31-Oct-13Mortgage Security-Backed Certificates, Class 3-A-2AAA (sf)--Upgraded
    US
    31-Oct-13Mortgage Security-Backed Certificates, Class 2-A-1AA (low) (sf)--Upgraded
    US
    31-Oct-13Mortgage Security-Backed Certificates, Class 1-A-1A (low) (sf)--Upgraded
    US
    More
    Less

  • Banc of America Funding 2011-R2 Trust

    Date IssuedDebt RatedRatingTrendActionAttributesi
    31-Oct-13Mortgage Security-Backed Certificates, Class 1-A-1AAA (sf)--Upgraded
    US
    E
    More
    Less

  • CHL Mortgage Pass-Through Trust Resecuritization 2008-3R

    Date IssuedDebt RatedRatingTrendActionAttributesi
    31-Oct-13Resecuritization Pass-Through Certificates, Series 2008-3R, Class 1-A-1C (sf)--Confirmed
    US
    31-Oct-13Resecuritization Pass-Through Certificates, Series 2008-3R, Class 2-A-1C (sf)--Confirmed
    US
    More
    Less

  • CSMC Series 2010-5R, Ltd.

    Date IssuedDebt RatedRatingTrendActionAttributesi
    31-Oct-13CSMC Series 2010-5R, Ltd., Class 1-A-1AAA (sf)--Confirmed
    US
    31-Oct-13CSMC Series 2010-5R, Ltd., Class 1-A-2AAA (sf)--Confirmed
    US
    31-Oct-13CSMC Series 2010-5R, Ltd., Class 1-A-5AAA (sf)--Confirmed
    US
    31-Oct-13CSMC Series 2010-5R, Ltd., Class 1-A-3A (high) (sf)--Confirmed
    US
    31-Oct-13CSMC Series 2010-5R, Ltd., Class 1-A-6A (high) (sf)--Confirmed
    US
    More
    Less

  • CSMC Series 2010-7R

  • CSMC Series 2011-14R

    Date IssuedDebt RatedRatingTrendActionAttributesi
    31-Oct-13CSMC Series 2011-14R, Class A-3AAA (sf)--Upgraded
    US
    More
    Less

  • Canvas Securitization LLC

    Date IssuedDebt RatedRatingTrendActionAttributesi
    31-Oct-13Canvas Securitization LLC, Series RR8, Class A-1AAA (sf)--Confirmed
    US
    31-Oct-13Canvas Securitization LLC, Series RR1, Class A-2AA (sf)--Confirmed
    US
    31-Oct-13Canvas Securitization LLC, Series RR13, Class A-2AA (sf)--Confirmed
    US
    31-Oct-13Canvas Securitization LLC, Series RR15, Class A-2AA (sf)--Upgraded
    US
    31-Oct-13Canvas Securitization LLC, Series RR16, Class A-2AA (sf)--Confirmed
    US
    31-Oct-13Canvas Securitization LLC, Series RR3, Class A-2AA (sf)--Upgraded
    US
    31-Oct-13Canvas Securitization LLC, Series RR4, Class A-2AA (sf)--Confirmed
    US
    31-Oct-13Canvas Securitization LLC, Series RR11, Class A-2A (high) (sf)--Upgraded
    US
    31-Oct-13Canvas Securitization LLC, Series RR14, Class A-2A (sf)--Confirmed
    US
    31-Oct-13Canvas Securitization LLC, Series RR8, Class A-2A (sf)--Confirmed
    US
    31-Oct-13Canvas Securitization LLC, Series RR5, Class A-2BBB (sf)--Confirmed
    US
    31-Oct-13Canvas Securitization LLC, Series RR9, Class A-2BBB (sf)--Confirmed
    US
    31-Oct-13Canvas Securitization LLC, Series RR10, Class A-2BBB (low) (sf)--Confirmed
    US
    31-Oct-13Canvas Securitization LLC, Series RR2, Class A-2BB (sf)--Confirmed
    US
    31-Oct-13Canvas Securitization LLC, Series RR12, Class A-2BB (low) (sf)--Confirmed
    US
    31-Oct-13Canvas Securitization LLC, Series RR13, Class A-1Discontinued--Disc.-Repaid
    US
    More
    Less

  • Citigroup Mortgage Loan Trust 2008-3

    Date IssuedDebt RatedRatingTrendActionAttributesi
    31-Oct-13Re-REMIC Trust Certificates, Series 2008-3, Class A10C (sf)--Confirmed
    US
    31-Oct-13Re-REMIC Trust Certificates, Series 2008-3, Class A11C (sf)--Confirmed
    US
    31-Oct-13Re-REMIC Trust Certificates, Series 2008-3, Class A12C (sf)--Confirmed
    US
    31-Oct-13Re-REMIC Trust Certificates, Series 2008-3, Class A13C (sf)--Confirmed
    US
    31-Oct-13Re-REMIC Trust Certificates, Series 2008-3, Class A14C (sf)--Confirmed
    US
    31-Oct-13Re-REMIC Trust Certificates, Series 2008-3, Class A2C (sf)--Confirmed
    US
    31-Oct-13Re-REMIC Trust Certificates, Series 2008-3, Class A6C (sf)--Confirmed
    US
    31-Oct-13Re-REMIC Trust Certificates, Series 2008-3, Class A7C (sf)--Confirmed
    US
    31-Oct-13Re-REMIC Trust Certificates, Series 2008-3, Class A8C (sf)--Confirmed
    US
    31-Oct-13Re-REMIC Trust Certificates, Series 2008-3, Class A9C (sf)--Confirmed
    US
    More
    Less

  • Citigroup Mortgage Loan Trust 2009-12

    Date IssuedDebt RatedRatingTrendActionAttributesi
    31-Oct-13Resecuritization Trust Certificates, Series 2009-12, Class 1A2C (sf)--Confirmed
    US
    31-Oct-13Resecuritization Trust Certificates, Series 2009-12, Class 2A2C (sf)--Confirmed
    US
    31-Oct-13Resecuritization Trust Certificates, Series 2009-12, Class 3A2C (sf)--Confirmed
    US
    31-Oct-13Resecuritization Trust Certificates, Series 2009-12, Class 4A2C (sf)--Confirmed
    US
    31-Oct-13Resecuritization Trust Certificates, Series 2009-12, Class 5A2C (sf)--Confirmed
    US
    More
    Less

  • Citigroup Mortgage Loan Trust 2010-12

    Date IssuedDebt RatedRatingTrendActionAttributesi
    31-Oct-13Resecuritization Trust Certificates, Series 2010-12, Class 2A1AAA (sf)--Confirmed
    US
    31-Oct-13Resecuritization Trust Certificates, Series 2010-12, Class 2A2AAA (sf)--Upgraded
    US
    31-Oct-13Resecuritization Trust Certificates, Series 2010-12, Class 2A5AAA (sf)--Upgraded
    US
    31-Oct-13Resecuritization Trust Certificates, Series 2010-12, Class 2A3AA (low) (sf)--Upgraded
    US
    31-Oct-13Resecuritization Trust Certificates, Series 2010-12, Class 2A6AA (low) (sf)--Upgraded
    US
    31-Oct-13Resecuritization Trust Certificates, Series 2010-12, Class 1A1Discontinued--Disc.-Repaid
    US
    31-Oct-13Resecuritization Trust Certificates, Series 2010-12, Class 1A2Discontinued--Disc.-Repaid
    US
    31-Oct-13Resecuritization Trust Certificates, Series 2010-12, Class 4A1Discontinued--Disc.-Repaid
    US
    More
    Less

  • Citigroup Mortgage Loan Trust 2010-3

    Date IssuedDebt RatedRatingTrendActionAttributesi
    31-Oct-13Resecuritization Trust Certificates, Series 2010-3, Class 1A1AAA (sf)--Confirmed
    US
    31-Oct-13Resecuritization Trust Certificates, Series 2010-3, Class 1A1IOAAA (sf)--Confirmed
    US
    31-Oct-13Resecuritization Trust Certificates, Series 2010-3, Class 1A2AAA (sf)--Confirmed
    US
    31-Oct-13Resecuritization Trust Certificates, Series 2010-3, Class 3A1AAAA (sf)--Upgraded
    US
    31-Oct-13Resecuritization Trust Certificates, Series 2010-3, Class 4A1AAA (sf)--Confirmed
    US
    31-Oct-13Resecuritization Trust Certificates, Series 2010-3, Class 2A1AAA (sf)--Confirmed
    US
    31-Oct-13Resecuritization Trust Certificates, Series 2010-3, Class 5A1AA (sf)--Confirmed
    US
    31-Oct-13Resecuritization Trust Certificates, Series 2010-3, Class 2A1BBB (sf)--Confirmed
    US
    31-Oct-13Resecuritization Trust Certificates, Series 2010-3, Class 2A1BBBB (sf)--Confirmed
    US
    31-Oct-13Resecuritization Trust Certificates, Series 2010-3, Class 5A1BBB (sf)--Confirmed
    US
    31-Oct-13Resecuritization Trust Certificates, Series 2010-3, Class 5A1BBBB (sf)--Confirmed
    US
    31-Oct-13Resecuritization Trust Certificates, Series 2010-3, Class 3A1BBB (low) (sf)--Confirmed
    US
    31-Oct-13Resecuritization Trust Certificates, Series 2010-3, Class 3A1BBBB (low) (sf)--Confirmed
    US
    31-Oct-13Resecuritization Trust Certificates, Series 2010-3, Class 1A3C (sf)--Confirmed
    US
    31-Oct-13Resecuritization Trust Certificates, Series 2010-3, Class 1A3AC (sf)--Confirmed
    US
    31-Oct-13Resecuritization Trust Certificates, Series 2010-3, Class 2A2C (sf)--Confirmed
    US
    31-Oct-13Resecuritization Trust Certificates, Series 2010-3, Class 2A2AC (sf)--Confirmed
    US
    31-Oct-13Resecuritization Trust Certificates, Series 2010-3, Class 3A2C (sf)--Confirmed
    US
    31-Oct-13Resecuritization Trust Certificates, Series 2010-3, Class 3A2AC (sf)--Confirmed
    US
    31-Oct-13Resecuritization Trust Certificates, Series 2010-3, Class 4A2C (sf)--Confirmed
    US
    31-Oct-13Resecuritization Trust Certificates, Series 2010-3, Class 5A2C (sf)--Confirmed
    US
    31-Oct-13Resecuritization Trust Certificates, Series 2010-3, Class 5A2AC (sf)--Confirmed
    US
    More
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    • Show More Issuers
ASG Resecuritization Trust 2009-1
ASG Resecuritization Trust 2009-5
ASG Resecuritization Trust 2010-2
ASG Resecuritization Trust 2011-2
BCAP LLC 2008-RR2 Trust
BCAP LLC 2009-RR14 Trust
BCAP LLC 2009-RR2 Trust
BCAP LLC 2010-RR8 Trust
Banc of America Funding 2010-R11 Trust
Banc of America Funding 2010-R9 Trust
Banc of America Funding 2011-R2 Trust
CHL Mortgage Pass-Through Trust Resecuritization 2008-3R
CSMC Series 2010-5R, Ltd.
CSMC Series 2010-7R
CSMC Series 2011-14R
Canvas Securitization LLC
Citigroup Mortgage Loan Trust 2008-3
Citigroup Mortgage Loan Trust 2009-12
Citigroup Mortgage Loan Trust 2010-12
Citigroup Mortgage Loan Trust 2010-3
Show More Issuers
  • US = Lead Analyst based in USA
  • CA = Lead Analyst based in Canada
  • EU = Lead Analyst based in EU
  • UK = Lead Analyst based in UK
  • E = EU endorsed
  • U = UK endorsed
  • Unsolicited Participating With Access
  • Unsolicited Participating Without Access
  • Unsolicited Non-participating

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