DBRS Takes Rating Actions on U.S. RMBS Securities

DBRS, Inc. (DBRS) has today reviewed 402 classes from 47 U.S. residential mortgage-backed security (RMBS) transactions. Of the 402 classes reviewed, 146 were upgraded, 245 classes were confirmed and 11 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 rating confirmations, current asset performance and credit support levels have been consistent with the current ratings.

The transactions consist of U.S. RMBS and re-securitization of real estate mortgage investment conduit transactions. The pools backing these transactions consist of prime, Alternative-A, scratch and dent, home equity lines of credit and second-lien 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.

For more information on this credit or on this industry, visit www.dbrs.com or contact us at info@dbrs.com.