DBRS Takes Rating Actions on U.S. RMBS Securities

DBRS, Inc. (DBRS) has today reviewed 328 classes from 48 U.S. residential mortgage-backed security (RMBS) transactions. Of the 328 classes reviewed, 19 classes were upgraded, 257 classes were confirmed and 52 classes were discontinued.

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.