Press Release

DBRS Confirms Ratings on CSMC Trust 2013-IVR5 Mortgage Pass-Through Certificates, Series 2013-IVR5

RMBS
December 23, 2013

DBRS, Inc. (DBRS) has confirmed its outstanding ratings on the Mortgage Pass-Through Certificates, Series 2013-IVR5 issued by CSMC Trust 2013-IVR5 (the Trust). The confirmation is based on a review of the supplements and amendments to the legal documents relating to the CSMC Trust 2013-IVR5, Mortgage Pass-Through Certificates, Series 2013-IVR5, dated December 23, 2013. This amendment revises the class principal balances of the certificates as a result of a correction of the balance of one mortgage loan.

The press release at the closing date for this transaction can be found by clicking on the link.

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

The applicable methodologies are:
• RMBS Insight: U.S. Residential Mortgage-Backed Securities Loss Model and Rating Methodology
• Unified Interest Rate Model for U.S. RMBS Transactions
• Third-Party Due Diligence Criteria for U.S. RMBS Transactions
• Representations and Warranties Criteria for U.S. RMBS Transactions
• Legal Criteria for U.S. Structured Finance Transactions

These ratings are endorsed by DBRS Ratings Limited for use in the European Union.

Ratings

  • 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

ALL MORNINGSTAR DBRS RATINGS ARE SUBJECT TO DISCLAIMERS AND CERTAIN LIMITATIONS. PLEASE READ THESE DISCLAIMERS AND LIMITATIONS AND ADDITIONAL INFORMATION REGARDING MORNINGSTAR DBRS RATINGS, INCLUDING DEFINITIONS, POLICIES, RATING SCALES AND METHODOLOGIES.