Press Release

DBRS Takes Rating Actions on U.S. RMBS Securities

RMBS
August 19, 2016

DBRS, Inc. (DBRS) has today reviewed 55 classes from 5 U.S. residential mortgage-backed security (RMBS) transactions. Of the 55 classes reviewed, all the ratings were confirmed.

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 and re-securitization of real estate mortgage investment conduit (ReREMIC) transactions. The pools backing these transactions consist of Prime and Alt-A collateral.

The ratings assigned to the securities denoted with an asterisk (*) differ from the higher rating(s) implied by the quantitative model. DBRS considers this difference to be a material deviation, but in this case the ratings of the subject notes reflect the lack of transaction seasoning and performance history.

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.

Ratings

  • Agate Bay Mortgage Trust 2015-5

    Date IssuedDebt RatedRatingTrendActionAttributesi
    19-Aug-16Mortgage Pass-Through Certificates, Series 2015-5, Class A-1AAA (sf)--Confirmed
    US
    19-Aug-16Mortgage Pass-Through Certificates, Series 2015-5, Class A-10AAA (sf)--Confirmed
    US
    19-Aug-16Mortgage Pass-Through Certificates, Series 2015-5, Class A-2AAA (sf)--Confirmed
    US
    19-Aug-16Mortgage Pass-Through Certificates, Series 2015-5, Class A-3AAA (sf)--Confirmed
    US
    19-Aug-16Mortgage Pass-Through Certificates, Series 2015-5, Class A-4AAA (sf)--Confirmed
    US
    19-Aug-16Mortgage Pass-Through Certificates, Series 2015-5, Class A-5AAA (sf)--Confirmed
    US
    19-Aug-16Mortgage Pass-Through Certificates, Series 2015-5, Class A-6AAA (sf)--Confirmed
    US
    19-Aug-16Mortgage Pass-Through Certificates, Series 2015-5, Class A-7AAA (sf)--Confirmed
    US
    19-Aug-16Mortgage Pass-Through Certificates, Series 2015-5, Class A-8AAA (sf)--Confirmed
    US
    19-Aug-16Mortgage Pass-Through Certificates, Series 2015-5, Class A-9AAA (sf)--Confirmed
    US
    19-Aug-16Mortgage Pass-Through Certificates, Series 2015-5, Class A-X-1AAA (sf)--Confirmed
    US
    19-Aug-16Mortgage Pass-Through Certificates, Series 2015-5, Class A-X-2AAA (sf)--Confirmed
    US
    19-Aug-16Mortgage Pass-Through Certificates, Series 2015-5, Class A-X-3AAA (sf)--Confirmed
    US
    19-Aug-16Mortgage Pass-Through Certificates, Series 2015-5, Class A-X-4AAA (sf)--Confirmed
    US
    19-Aug-16Mortgage Pass-Through Certificates, Series 2015-5, Class A-X-5AAA (sf)--Confirmed
    US
    19-Aug-16Mortgage Pass-Through Certificates, Series 2015-5, Class A-X-6AAA (sf)--Confirmed
    US
    19-Aug-16Mortgage Pass-Through Certificates, Series 2015-5, Class B-1AA (sf)--Confirmed
    US
    19-Aug-16Mortgage Pass-Through Certificates, Series 2015-5, Class B-2A (sf)--Confirmed
    US
    More
    Less

  • Agate Bay Mortgage Trust 2015-6

    Date IssuedDebt RatedRatingTrendActionAttributesi
    19-Aug-16Mortgage Pass-Through Certificates, Series 2015-6, Class A-1AAA (sf)--Confirmed
    US
    19-Aug-16Mortgage Pass-Through Certificates, Series 2015-6, Class A-10AAA (sf)--Confirmed
    US
    19-Aug-16Mortgage Pass-Through Certificates, Series 2015-6, Class A-2AAA (sf)--Confirmed
    US
    19-Aug-16Mortgage Pass-Through Certificates, Series 2015-6, Class A-3AAA (sf)--Confirmed
    US
    19-Aug-16Mortgage Pass-Through Certificates, Series 2015-6, Class A-4AAA (sf)--Confirmed
    US
    19-Aug-16Mortgage Pass-Through Certificates, Series 2015-6, Class A-5AAA (sf)--Confirmed
    US
    19-Aug-16Mortgage Pass-Through Certificates, Series 2015-6, Class A-6AAA (sf)--Confirmed
    US
    19-Aug-16Mortgage Pass-Through Certificates, Series 2015-6, Class A-7AAA (sf)--Confirmed
    US
    19-Aug-16Mortgage Pass-Through Certificates, Series 2015-6, Class A-8AAA (sf)--Confirmed
    US
    19-Aug-16Mortgage Pass-Through Certificates, Series 2015-6, Class A-9AAA (sf)--Confirmed
    US
    19-Aug-16Mortgage Pass-Through Certificates, Series 2015-6, Class A-X-1AAA (sf)--Confirmed
    US
    19-Aug-16Mortgage Pass-Through Certificates, Series 2015-6, Class A-X-2AAA (sf)--Confirmed
    US
    19-Aug-16Mortgage Pass-Through Certificates, Series 2015-6, Class A-X-3AAA (sf)--Confirmed
    US
    19-Aug-16Mortgage Pass-Through Certificates, Series 2015-6, Class A-X-4AAA (sf)--Confirmed
    US
    19-Aug-16Mortgage Pass-Through Certificates, Series 2015-6, Class A-X-5AAA (sf)--Confirmed
    US
    19-Aug-16Mortgage Pass-Through Certificates, Series 2015-6, Class A-X-6AAA (sf)--Confirmed
    US
    19-Aug-16Mortgage Pass-Through Certificates, Series 2015-6, Class B-1AA (sf)--Confirmed
    US
    More
    Less

  • CSMLT 2015-2 Trust

    Date IssuedDebt RatedRatingTrendActionAttributesi
    19-Aug-16Mortgage Pass-Through Certificates, Series 2015-2, Class A-1AAA (sf)--Confirmed
    US
    19-Aug-16Mortgage Pass-Through Certificates, Series 2015-2, Class A-10AAA (sf)--Confirmed
    US
    19-Aug-16Mortgage Pass-Through Certificates, Series 2015-2, Class A-2AAA (sf)--Confirmed
    US
    19-Aug-16Mortgage Pass-Through Certificates, Series 2015-2, Class A-3AAA (sf)--Confirmed
    US
    19-Aug-16Mortgage Pass-Through Certificates, Series 2015-2, Class A-4AAA (sf)--Confirmed
    US
    19-Aug-16Mortgage Pass-Through Certificates, Series 2015-2, Class A-5AAA (sf)--Confirmed
    US
    19-Aug-16Mortgage Pass-Through Certificates, Series 2015-2, Class A-6AAA (sf)--Confirmed
    US
    19-Aug-16Mortgage Pass-Through Certificates, Series 2015-2, Class A-7AAA (sf)--Confirmed
    US
    19-Aug-16Mortgage Pass-Through Certificates, Series 2015-2, Class A-8AAA (sf)--Confirmed
    US
    19-Aug-16Mortgage Pass-Through Certificates, Series 2015-2, Class A-9AAA (sf)--Confirmed
    US
    19-Aug-16Mortgage Pass-Through Certificates, Series 2015-2, Class A-X-1AAA (sf)--Confirmed
    US
    19-Aug-16Mortgage Pass-Through Certificates, Series 2015-2, Class A-X-2AAA (sf)--Confirmed
    US
    19-Aug-16Mortgage Pass-Through Certificates, Series 2015-2, Class A-X-3AAA (sf)--Confirmed
    US
    19-Aug-16Mortgage Pass-Through Certificates, Series 2015-2, Class A-X-4AAA (sf)--Confirmed
    US
    19-Aug-16Mortgage Pass-Through Certificates, Series 2015-2, Class A-X-5AAA (sf)--Confirmed
    US
    19-Aug-16Mortgage Pass-Through Certificates, Series 2015-2, Class B-1AA (sf)--Confirmed
    US
    19-Aug-16Mortgage Pass-Through Certificates, Series 2015-2, Class A-IO-SA (sf)--Confirmed
    US
    More
    Less

  • Citigroup Mortgage Loan Trust 2015-9

    Date IssuedDebt RatedRatingTrendActionAttributesi
    19-Aug-16Resecuritization Trust Securities, Series 2015-9, Class 1A1BBB (sf)--Confirmed
    US
    19-Aug-16Resecuritization Trust Securities, Series 2015-9, Class 2A1BBB (sf)--Confirmed
    US
    More
    Less

  • Morgan Stanley Resecuritization Trust 2015-R7

    Date IssuedDebt RatedRatingTrendActionAttributesi
    19-Aug-16Resecuritization Pass-Through Securities, Series 2015-R7, Class 2-ABBB (sf)--Confirmed
    US
    More
    Less
Agate Bay Mortgage Trust 2015-5
  • Date Issued:Aug 19, 2016
  • Rating Action:Confirmed
  • Ratings:AAA (sf)
  • Trend:--
  • Rating Recovery:
  • Issued:US
  • Date Issued:Aug 19, 2016
  • Rating Action:Confirmed
  • Ratings:AAA (sf)
  • Trend:--
  • Rating Recovery:
  • Issued:US
  • Date Issued:Aug 19, 2016
  • Rating Action:Confirmed
  • Ratings:AAA (sf)
  • Trend:--
  • Rating Recovery:
  • Issued:US
  • Date Issued:Aug 19, 2016
  • Rating Action:Confirmed
  • Ratings:AAA (sf)
  • Trend:--
  • Rating Recovery:
  • Issued:US
  • Date Issued:Aug 19, 2016
  • Rating Action:Confirmed
  • Ratings:AAA (sf)
  • Trend:--
  • Rating Recovery:
  • Issued:US
  • Date Issued:Aug 19, 2016
  • Rating Action:Confirmed
  • Ratings:AAA (sf)
  • Trend:--
  • Rating Recovery:
  • Issued:US
  • Date Issued:Aug 19, 2016
  • Rating Action:Confirmed
  • Ratings:AAA (sf)
  • Trend:--
  • Rating Recovery:
  • Issued:US
  • Date Issued:Aug 19, 2016
  • Rating Action:Confirmed
  • Ratings:AAA (sf)
  • Trend:--
  • Rating Recovery:
  • Issued:US
  • Date Issued:Aug 19, 2016
  • Rating Action:Confirmed
  • Ratings:AAA (sf)
  • Trend:--
  • Rating Recovery:
  • Issued:US
  • Date Issued:Aug 19, 2016
  • Rating Action:Confirmed
  • Ratings:AAA (sf)
  • Trend:--
  • Rating Recovery:
  • Issued:US
  • Date Issued:Aug 19, 2016
  • Rating Action:Confirmed
  • Ratings:AAA (sf)
  • Trend:--
  • Rating Recovery:
  • Issued:US
  • Date Issued:Aug 19, 2016
  • Rating Action:Confirmed
  • Ratings:AAA (sf)
  • Trend:--
  • Rating Recovery:
  • Issued:US
  • Date Issued:Aug 19, 2016
  • Rating Action:Confirmed
  • Ratings:AAA (sf)
  • Trend:--
  • Rating Recovery:
  • Issued:US
  • Date Issued:Aug 19, 2016
  • Rating Action:Confirmed
  • Ratings:AAA (sf)
  • Trend:--
  • Rating Recovery:
  • Issued:US
  • Date Issued:Aug 19, 2016
  • Rating Action:Confirmed
  • Ratings:AAA (sf)
  • Trend:--
  • Rating Recovery:
  • Issued:US
  • Date Issued:Aug 19, 2016
  • Rating Action:Confirmed
  • Ratings:AAA (sf)
  • Trend:--
  • Rating Recovery:
  • Issued:US
  • Date Issued:Aug 19, 2016
  • Rating Action:Confirmed
  • Ratings:AA (sf)
  • Trend:--
  • Rating Recovery:
  • Issued:US
  • Date Issued:Aug 19, 2016
  • Rating Action:Confirmed
  • Ratings:A (sf)
  • Trend:--
  • Rating Recovery:
  • Issued:US
Agate Bay Mortgage Trust 2015-6
  • Date Issued:Aug 19, 2016
  • Rating Action:Confirmed
  • Ratings:AAA (sf)
  • Trend:--
  • Rating Recovery:
  • Issued:US
  • Date Issued:Aug 19, 2016
  • Rating Action:Confirmed
  • Ratings:AAA (sf)
  • Trend:--
  • Rating Recovery:
  • Issued:US
  • Date Issued:Aug 19, 2016
  • Rating Action:Confirmed
  • Ratings:AAA (sf)
  • Trend:--
  • Rating Recovery:
  • Issued:US
  • Date Issued:Aug 19, 2016
  • Rating Action:Confirmed
  • Ratings:AAA (sf)
  • Trend:--
  • Rating Recovery:
  • Issued:US
  • Date Issued:Aug 19, 2016
  • Rating Action:Confirmed
  • Ratings:AAA (sf)
  • Trend:--
  • Rating Recovery:
  • Issued:US
  • Date Issued:Aug 19, 2016
  • Rating Action:Confirmed
  • Ratings:AAA (sf)
  • Trend:--
  • Rating Recovery:
  • Issued:US
  • Date Issued:Aug 19, 2016
  • Rating Action:Confirmed
  • Ratings:AAA (sf)
  • Trend:--
  • Rating Recovery:
  • Issued:US
  • Date Issued:Aug 19, 2016
  • Rating Action:Confirmed
  • Ratings:AAA (sf)
  • Trend:--
  • Rating Recovery:
  • Issued:US
  • Date Issued:Aug 19, 2016
  • Rating Action:Confirmed
  • Ratings:AAA (sf)
  • Trend:--
  • Rating Recovery:
  • Issued:US
  • Date Issued:Aug 19, 2016
  • Rating Action:Confirmed
  • Ratings:AAA (sf)
  • Trend:--
  • Rating Recovery:
  • Issued:US
  • Date Issued:Aug 19, 2016
  • Rating Action:Confirmed
  • Ratings:AAA (sf)
  • Trend:--
  • Rating Recovery:
  • Issued:US
  • Date Issued:Aug 19, 2016
  • Rating Action:Confirmed
  • Ratings:AAA (sf)
  • Trend:--
  • Rating Recovery:
  • Issued:US
  • Date Issued:Aug 19, 2016
  • Rating Action:Confirmed
  • Ratings:AAA (sf)
  • Trend:--
  • Rating Recovery:
  • Issued:US
  • Date Issued:Aug 19, 2016
  • Rating Action:Confirmed
  • Ratings:AAA (sf)
  • Trend:--
  • Rating Recovery:
  • Issued:US
  • Date Issued:Aug 19, 2016
  • Rating Action:Confirmed
  • Ratings:AAA (sf)
  • Trend:--
  • Rating Recovery:
  • Issued:US
  • Date Issued:Aug 19, 2016
  • Rating Action:Confirmed
  • Ratings:AAA (sf)
  • Trend:--
  • Rating Recovery:
  • Issued:US
  • Date Issued:Aug 19, 2016
  • Rating Action:Confirmed
  • Ratings:AA (sf)
  • Trend:--
  • Rating Recovery:
  • Issued:US
CSMLT 2015-2 Trust
  • Date Issued:Aug 19, 2016
  • Rating Action:Confirmed
  • Ratings:AAA (sf)
  • Trend:--
  • Rating Recovery:
  • Issued:US
  • Date Issued:Aug 19, 2016
  • Rating Action:Confirmed
  • Ratings:AAA (sf)
  • Trend:--
  • Rating Recovery:
  • Issued:US
  • Date Issued:Aug 19, 2016
  • Rating Action:Confirmed
  • Ratings:AAA (sf)
  • Trend:--
  • Rating Recovery:
  • Issued:US
  • Date Issued:Aug 19, 2016
  • Rating Action:Confirmed
  • Ratings:AAA (sf)
  • Trend:--
  • Rating Recovery:
  • Issued:US
  • Date Issued:Aug 19, 2016
  • Rating Action:Confirmed
  • Ratings:AAA (sf)
  • Trend:--
  • Rating Recovery:
  • Issued:US
  • Date Issued:Aug 19, 2016
  • Rating Action:Confirmed
  • Ratings:AAA (sf)
  • Trend:--
  • Rating Recovery:
  • Issued:US
  • Date Issued:Aug 19, 2016
  • Rating Action:Confirmed
  • Ratings:AAA (sf)
  • Trend:--
  • Rating Recovery:
  • Issued:US
  • Date Issued:Aug 19, 2016
  • Rating Action:Confirmed
  • Ratings:AAA (sf)
  • Trend:--
  • Rating Recovery:
  • Issued:US
  • Date Issued:Aug 19, 2016
  • Rating Action:Confirmed
  • Ratings:AAA (sf)
  • Trend:--
  • Rating Recovery:
  • Issued:US
  • Date Issued:Aug 19, 2016
  • Rating Action:Confirmed
  • Ratings:AAA (sf)
  • Trend:--
  • Rating Recovery:
  • Issued:US
  • Date Issued:Aug 19, 2016
  • Rating Action:Confirmed
  • Ratings:AAA (sf)
  • Trend:--
  • Rating Recovery:
  • Issued:US
  • Date Issued:Aug 19, 2016
  • Rating Action:Confirmed
  • Ratings:AAA (sf)
  • Trend:--
  • Rating Recovery:
  • Issued:US
  • Date Issued:Aug 19, 2016
  • Rating Action:Confirmed
  • Ratings:AAA (sf)
  • Trend:--
  • Rating Recovery:
  • Issued:US
  • Date Issued:Aug 19, 2016
  • Rating Action:Confirmed
  • Ratings:AAA (sf)
  • Trend:--
  • Rating Recovery:
  • Issued:US
  • Date Issued:Aug 19, 2016
  • Rating Action:Confirmed
  • Ratings:AAA (sf)
  • Trend:--
  • Rating Recovery:
  • Issued:US
  • Date Issued:Aug 19, 2016
  • Rating Action:Confirmed
  • Ratings:AA (sf)
  • Trend:--
  • Rating Recovery:
  • Issued:US
  • Date Issued:Aug 19, 2016
  • Rating Action:Confirmed
  • Ratings:A (sf)
  • Trend:--
  • Rating Recovery:
  • Issued:US
Citigroup Mortgage Loan Trust 2015-9
  • Date Issued:Aug 19, 2016
  • Rating Action:Confirmed
  • Ratings:BBB (sf)
  • Trend:--
  • Rating Recovery:
  • Issued:US
  • Date Issued:Aug 19, 2016
  • Rating Action:Confirmed
  • Ratings:BBB (sf)
  • Trend:--
  • Rating Recovery:
  • Issued:US
Morgan Stanley Resecuritization Trust 2015-R7
  • Date Issued:Aug 19, 2016
  • Rating Action:Confirmed
  • Ratings:BBB (sf)
  • Trend:--
  • Rating Recovery:
  • Issued:US
  • 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.

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DBRS Takes Rating Actions on U.S. RMBS Securities

Aug 19, 2016

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