Press Release

DBRS Takes Rating Actions on U.S. RMBS Securities

RMBS
February 11, 2016

DBRS, Inc. (DBRS) has today reviewed 286 classes from 27 U.S. residential mortgage-backed security (RMBS) transactions. Of the 286 classes reviewed, 45 classes were upgraded, 228 classes were confirmed and 13 classes were discontinued due to full principal repayment to the bondholders.

The rating upgrades reflect positive performance trends and that 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 pools backed by Subprime, Alt-A, Prime, and Scratch & Dent 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

ACE Securities Corp. Home Equity Loan Trust, Series 2005-HE1
Accredited Mortgage Loan Trust 2004-4
Accredited Mortgage Loan Trust 2005-1
Accredited Mortgage Loan Trust 2005-2
Accredited Mortgage Loan Trust 2005-3
Ameriquest Mortgage Securities Inc. Series 2004-R11
Ameriquest Mortgage Securities Inc. Series 2004-R7
Ameriquest Mortgage Securities Inc. Series 2004-R8
Ameriquest Mortgage Securities Inc. Series 2004-R9
Ameriquest Mortgage Securities Inc., Series 2005-R2
Argent Securities Inc. Series 2004-W11
Asset Backed Securities Corporation Home Equity Loan Trust, Series 2005-HE2
Asset Backed Securities Corporation Home Equity Loan Trust, Series NC 2005-HE8
Asset Backed Securities Corporation Home Equity Loan Trust, Series WMC 2005-HE5
CSMC Trust 2012-9 Mortgage Pass-Through Certificates, Series 2012-9
CWABS Asset-Backed Certificates Trust 2004-12
CWABS Asset-Backed Certificates Trust 2004-BC5
Citigroup Mortgage Loan Trust 2014-A
Citigroup Mortgage Loan Trust Inc., 2005-HE2
Citigroup Mortgage Loan Trust, Inc., Series 2005-WF1
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  • 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.