DBRS Confirms 32 Classes from Five U.S. RMBS Securities

DBRS has today confirmed 32 classes from five U.S. residential mortgage-backed security (RMBS) transactions. These classes were also removed from Under Review with Developing Implications (see “DBRS Publishes Updated U.S. RMBS Surveillance Methodology and Places Ratings Under Review with Developing Implications,” published on March 3, 2014).

The rating confirmations reflect current asset performance and credit support levels that are consistent with the current ratings.

The rating actions are the result of DBRS applying its updated U.S. RMBS Surveillance Methodology and RMBS Insight 1.2 model.

The transactions consist of U.S. RMBS and re-securitizations of real estate mortgage investment conduit (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 and RMBS Insight 1.2: U.S. Residential Mortgage-Backed Securities 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

CSMC Series 2014-2R

Date Issued	Debt Rated	Rating	Trend	Action	Attributesi
07-Mar-14	CSMC Series 2014-2R, Class 17-A-1	A (sf)	--	Confirmed	US
07-Mar-14	CSMC Series 2014-2R, Class 25-A-1	A (sf)	--	Confirmed	US

More

CSMC Trust 2014-SAF1

Date Issued	Debt Rated	Rating	Trend	Action	Attributesi
07-Mar-14	Mortgage Pass-Through Certificates, Series 2014-SAF1, Class A-1	AAA (sf)	--	Confirmed	US
07-Mar-14	Mortgage Pass-Through Certificates, Series 2014-SAF1, Class A-11	AAA (sf)	--	Confirmed	US
07-Mar-14	Mortgage Pass-Through Certificates, Series 2014-SAF1, Class A-12	AAA (sf)	--	Confirmed	US
07-Mar-14	Mortgage Pass-Through Certificates, Series 2014-SAF1, Class A-14	AAA (sf)	--	Confirmed	US
07-Mar-14	Mortgage Pass-Through Certificates, Series 2014-SAF1, Class A-2	AAA (sf)	--	Confirmed	US
07-Mar-14	Mortgage Pass-Through Certificates, Series 2014-SAF1, Class A-4	AAA (sf)	--	Confirmed	US
07-Mar-14	Mortgage Pass-Through Certificates, Series 2014-SAF1, Class A-5	AAA (sf)	--	Confirmed	US
07-Mar-14	Mortgage Pass-Through Certificates, Series 2014-SAF1, Class A-8	AAA (sf)	--	Confirmed	US
07-Mar-14	Mortgage Pass-Through Certificates, Series 2014-SAF1, Class A-X-11	AAA (sf)	--	Confirmed	US
07-Mar-14	Mortgage Pass-Through Certificates, Series 2014-SAF1, Class A-X-12	AAA (sf)	--	Confirmed	US
07-Mar-14	Mortgage Pass-Through Certificates, Series 2014-SAF1, Class A-X-2	AAA (sf)	--	Confirmed	US
07-Mar-14	Mortgage Pass-Through Certificates, Series 2014-SAF1, Class A-X-8	AAA (sf)	--	Confirmed	US
07-Mar-14	Mortgage Pass-Through Certificates, Series 2014-SAF1, Class Z-1	AAA (sf)	--	Confirmed	US
07-Mar-14	Mortgage Pass-Through Certificates, Series 2014-SAF1, Class B-1	AA (sf)	--	Confirmed	US
07-Mar-14	Mortgage Pass-Through Certificates, Series 2014-SAF1, Class B-2	A (sf)	--	Confirmed	US
07-Mar-14	Mortgage Pass-Through Certificates, Series 2014-SAF1, Class B-3	BBB (sf)	--	Confirmed	US
07-Mar-14	Mortgage Pass-Through Certificates, Series 2014-SAF1, Class B-4	BB (sf)	--	Confirmed	US

More

Citigroup Mortgage Loan Trust 2014-2

Date Issued	Debt Rated	Rating	Trend	Action	Attributesi
07-Mar-14	Resecuritization Trust Securities, Series 2014-2, Class 1A1	A (sf)	--	Confirmed	US
07-Mar-14	Resecuritization Trust Securities, Series 2014-2, Class 2A1	A (sf)	--	Confirmed	US
07-Mar-14	Resecuritization Trust Securities, Series 2014-2, Class 3A1	A (sf)	--	Confirmed	US

More

Citigroup Mortgage Loan Trust 2014-A

Date Issued	Debt Rated	Rating	Trend	Action	Attributesi
07-Mar-14	Mortgage Backed-Notes, Series 2014-A, Class A	AA (sf)	--	Confirmed	US
07-Mar-14	Mortgage Backed-Notes, Series 2014-A, Class IO	AA (sf)	--	Confirmed	US
07-Mar-14	Mortgage Backed-Notes, Series 2014-A, Class B-1	A (sf)	--	Confirmed	US
07-Mar-14	Mortgage Backed-Notes, Series 2014-A, Class B-2	BBB (sf)	--	Confirmed	US
07-Mar-14	Mortgage Backed-Notes, Series 2014-A, Class B-3	BB (sf)	--	Confirmed	US
07-Mar-14	Mortgage Backed-Notes, Series 2014-A, Class B-4	B (sf)	--	Confirmed	US

More

Morgan Stanley Resecuritization Trust 2014-R1

Date Issued	Debt Rated	Rating	Trend	Action	Attributesi
07-Mar-14	Resecuritization Trust Securities, Class A1	AAA (sf)	--	Confirmed	US
07-Mar-14	Resecuritization Trust Securities, Class A2	AA (sf)	--	Confirmed	US
07-Mar-14	Resecuritization Trust Securities, Class A	A (sf)	--	Confirmed	US
07-Mar-14	Resecuritization Trust Securities, Class A3	A (sf)	--	Confirmed	US

More

CSMC Series 2014-2R

CSMC Series 2014-2R, Class 17-A-1

Date Issued:Mar 7, 2014
Rating Action:Confirmed
Ratings:A (sf)
Trend:--
Rating Recovery:
Issued:US

CSMC Series 2014-2R, Class 25-A-1

Date Issued:Mar 7, 2014
Rating Action:Confirmed
Ratings:A (sf)
Trend:--
Rating Recovery:
Issued:US

CSMC Trust 2014-SAF1

Mortgage Pass-Through Certificates, Series 2014-SAF1, Class A-1

Date Issued:Mar 7, 2014
Rating Action:Confirmed
Ratings:AAA (sf)
Trend:--
Rating Recovery:
Issued:US

Mortgage Pass-Through Certificates, Series 2014-SAF1, Class A-11

Date Issued:Mar 7, 2014
Rating Action:Confirmed
Ratings:AAA (sf)
Trend:--
Rating Recovery:
Issued:US

Mortgage Pass-Through Certificates, Series 2014-SAF1, Class A-12

Date Issued:Mar 7, 2014
Rating Action:Confirmed
Ratings:AAA (sf)
Trend:--
Rating Recovery:
Issued:US

Mortgage Pass-Through Certificates, Series 2014-SAF1, Class A-14

Date Issued:Mar 7, 2014
Rating Action:Confirmed
Ratings:AAA (sf)
Trend:--
Rating Recovery:
Issued:US

Mortgage Pass-Through Certificates, Series 2014-SAF1, Class A-2

Date Issued:Mar 7, 2014
Rating Action:Confirmed
Ratings:AAA (sf)
Trend:--
Rating Recovery:
Issued:US

Mortgage Pass-Through Certificates, Series 2014-SAF1, Class A-4

Date Issued:Mar 7, 2014
Rating Action:Confirmed
Ratings:AAA (sf)
Trend:--
Rating Recovery:
Issued:US

Mortgage Pass-Through Certificates, Series 2014-SAF1, Class A-5

Date Issued:Mar 7, 2014
Rating Action:Confirmed
Ratings:AAA (sf)
Trend:--
Rating Recovery:
Issued:US

Mortgage Pass-Through Certificates, Series 2014-SAF1, Class A-8

Date Issued:Mar 7, 2014
Rating Action:Confirmed
Ratings:AAA (sf)
Trend:--
Rating Recovery:
Issued:US

Mortgage Pass-Through Certificates, Series 2014-SAF1, Class A-X-11

Date Issued:Mar 7, 2014
Rating Action:Confirmed
Ratings:AAA (sf)
Trend:--
Rating Recovery:
Issued:US

Mortgage Pass-Through Certificates, Series 2014-SAF1, Class A-X-12

Date Issued:Mar 7, 2014
Rating Action:Confirmed
Ratings:AAA (sf)
Trend:--
Rating Recovery:
Issued:US

Mortgage Pass-Through Certificates, Series 2014-SAF1, Class A-X-2

Date Issued:Mar 7, 2014
Rating Action:Confirmed
Ratings:AAA (sf)
Trend:--
Rating Recovery:
Issued:US

Mortgage Pass-Through Certificates, Series 2014-SAF1, Class A-X-8

Date Issued:Mar 7, 2014
Rating Action:Confirmed
Ratings:AAA (sf)
Trend:--
Rating Recovery:
Issued:US

Mortgage Pass-Through Certificates, Series 2014-SAF1, Class Z-1

Date Issued:Mar 7, 2014
Rating Action:Confirmed
Ratings:AAA (sf)
Trend:--
Rating Recovery:
Issued:US

Mortgage Pass-Through Certificates, Series 2014-SAF1, Class B-1

Date Issued:Mar 7, 2014
Rating Action:Confirmed
Ratings:AA (sf)
Trend:--
Rating Recovery:
Issued:US

Mortgage Pass-Through Certificates, Series 2014-SAF1, Class B-2

Date Issued:Mar 7, 2014
Rating Action:Confirmed
Ratings:A (sf)
Trend:--
Rating Recovery:
Issued:US

Mortgage Pass-Through Certificates, Series 2014-SAF1, Class B-3

Date Issued:Mar 7, 2014
Rating Action:Confirmed
Ratings:BBB (sf)
Trend:--
Rating Recovery:
Issued:US

Mortgage Pass-Through Certificates, Series 2014-SAF1, Class B-4

Date Issued:Mar 7, 2014
Rating Action:Confirmed
Ratings:BB (sf)
Trend:--
Rating Recovery:
Issued:US

Citigroup Mortgage Loan Trust 2014-2

Resecuritization Trust Securities, Series 2014-2, Class 1A1

Date Issued:Mar 7, 2014
Rating Action:Confirmed
Ratings:A (sf)
Trend:--
Rating Recovery:
Issued:US

Resecuritization Trust Securities, Series 2014-2, Class 2A1

Date Issued:Mar 7, 2014
Rating Action:Confirmed
Ratings:A (sf)
Trend:--
Rating Recovery:
Issued:US

Resecuritization Trust Securities, Series 2014-2, Class 3A1

Date Issued:Mar 7, 2014
Rating Action:Confirmed
Ratings:A (sf)
Trend:--
Rating Recovery:
Issued:US

Citigroup Mortgage Loan Trust 2014-A

Mortgage Backed-Notes, Series 2014-A, Class A

Date Issued:Mar 7, 2014
Rating Action:Confirmed
Ratings:AA (sf)
Trend:--
Rating Recovery:
Issued:US

Mortgage Backed-Notes, Series 2014-A, Class IO

Date Issued:Mar 7, 2014
Rating Action:Confirmed
Ratings:AA (sf)
Trend:--
Rating Recovery:
Issued:US

Mortgage Backed-Notes, Series 2014-A, Class B-1

Date Issued:Mar 7, 2014
Rating Action:Confirmed
Ratings:A (sf)
Trend:--
Rating Recovery:
Issued:US

Mortgage Backed-Notes, Series 2014-A, Class B-2

Date Issued:Mar 7, 2014
Rating Action:Confirmed
Ratings:BBB (sf)
Trend:--
Rating Recovery:
Issued:US

Mortgage Backed-Notes, Series 2014-A, Class B-3

Date Issued:Mar 7, 2014
Rating Action:Confirmed
Ratings:BB (sf)
Trend:--
Rating Recovery:
Issued:US

Mortgage Backed-Notes, Series 2014-A, Class B-4

Date Issued:Mar 7, 2014
Rating Action:Confirmed
Ratings:B (sf)
Trend:--
Rating Recovery:
Issued:US

Morgan Stanley Resecuritization Trust 2014-R1

Resecuritization Trust Securities, Class A1

Date Issued:Mar 7, 2014
Rating Action:Confirmed
Ratings:AAA (sf)
Trend:--
Rating Recovery:
Issued:US

Resecuritization Trust Securities, Class A2

Date Issued:Mar 7, 2014
Rating Action:Confirmed
Ratings:AA (sf)
Trend:--
Rating Recovery:
Issued:US

Resecuritization Trust Securities, Class A

Date Issued:Mar 7, 2014
Rating Action:Confirmed
Ratings:A (sf)
Trend:--
Rating Recovery:
Issued:US

Resecuritization Trust Securities, Class A3

Date Issued:Mar 7, 2014
Rating Action:Confirmed
Ratings:A (sf)
Trend:--
Rating Recovery:
Issued:US

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.

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