DBRS Takes Rating Actions on U.S. RMBS Securities
RMBSDBRS, Inc. (DBRS) has today reviewed 383 classes from 46 U.S. residential mortgage-backed security (RMBS) transactions. Of the 383 classes reviewed, 83 classes were upgraded, 241 classes were confirmed and 59 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 are U.S. re-securitization of real estate mortgage investment conduit (ReREMIC) transactions. The underlying collateral types for these ReREMICs consist primarily of ReREMIC, Prime, Option ARM, Scratch & Dent, Alt-A and Subprime collateral.
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.
Ratings
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