DBRS Takes Rating Actions on U.S. RMBS Securities

DBRS, Inc. (DBRS) has today reviewed 1,475 classes from 98 U.S. residential mortgage-backed security (RMBS) transactions. Of the 1,475 classes reviewed, 33 classes were upgraded, 1,440 classes were confirmed and two classes were discontinued due to full principal repayment to the bondholders.

The rating upgrades reflect positive performance trends and these classes have experienced increases in credit support sufficient to withstand stresses at their new rating level. For transactions where the rating has been confirmed, current asset performance and credit support levels have been consistent with the current rating.

The transactions consist of U.S. RMBS transactions. The pools backing these transactions consist of prime, Alt-A, subprime 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.