Press Release

DBRS Takes Rating Actions on U.S. RMBS Securities

RMBS

May 18, 2017

DBRS, Inc. (DBRS) has today reviewed 107 classes from 14 U.S. residential mortgage-backed security (RMBS) transactions. Of the 107 classes reviewed, DBRS confirmed 70 ratings, upgraded 36 ratings and discontinued one rating.

The rating upgrades reflect positive performance trends and 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 discontinued rating is the result of full principal payment to the bondholders.

The rating actions result from DBRS’s application of its “RMBS Insight 1.3: U.S. Residential Mortgage-Backed Securities Model and Rating Methodology” published on April 4, 2017.

The transactions consist of U.S. RMBS and Re-REMIC transactions. The pools backing these transactions consist of Prime, Alt-A and Subprime collateral.

The ratings assigned to the following securities differ from the ratings 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 structural features and historical performance that constrain the quantitative model output.

-- BCAP LLC 2015-RR6 Trust, Resecuritization Trust Securities, Class 1A1
-- BCAP LLC 2015-RR6 Trust, Resecuritization Trust Securities, Class 1A2
-- CSMC Series 2015-5R, CSMC Series 2015-5R, Class 1-A-1
-- CSMC Series 2015-5R, CSMC Series 2015-5R, Class 2-A-1
-- CSMC Series 2015-5R, CSMC Series 2015-5R, Class 2-A-4
-- CSMC Series 2015-6R, CSMC Series 2015-6R, Class 2-A-1
-- CSMC Series 2015-6R, CSMC Series 2015-6R, Class 4-A-1
-- GSMSC Resecuritization Trust 2015-5R, Resecuritization Trust Securities, Series 2015-5R, Class 1B
-- GSMSC Resecuritization Trust 2015-5R, Resecuritization Trust Securities, Series 2015-5R, Class 2A
-- GSMSC Resecuritization Trust 2015-5R, Resecuritization Trust Securities, Series 2015-5R, Class 2B
-- Morgan Stanley Resecuritization Trust 2015-R3, Resecuritization Pass-Through Securities, Series 2015-R3, Class 7-A1
-- Morgan Stanley Resecuritization Trust 2015-R3, Resecuritization Pass-Through Securities, Series 2015-R3, Class 7-A2
-- Morgan Stanley Resecuritization Trust 2015-R3, Resecuritization Pass-Through Securities, Series 2015-R3, Class 9-A2
-- Morgan Stanley Resecuritization Trust 2015-R4, Resecuritization Pass-Through Securities, Series 2015-R4, Class 1-A2
-- CSMC Trust 2015-1, Mortgage Pass-Through Certificates, Series 2015-1, Class B-3
-- CSMC Trust 2015-1, Mortgage Pass-through Certificates, Series 2015-1, Class A-IO-S
-- WinWater Mortgage Loan Trust 2015-A, Mortgage Pass-Through Certificates, Series 2015-A, Class B-3
-- WinWater Mortgage Loan Trust 2015-A, Mortgage Pass-Through Certificates, Series 2015-A, Class B-4

Notes:
The principal methodologies are U.S. RMBS Surveillance Methodology and RMBS Insight 1.3: U.S. Residential Mortgage-Backed Securities Model and Rating Methodology, which can be found on dbrs.com under Methodologies.

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

Ratings

BCAP LLC 2014-RR5 Trust

Date Issued	Debt Rated	Rating	Trend	Action	Attributesi
18-May-17	Resecuritization Trust Securities, Class 1A3	AA (high) (sf)	--	Upgraded	US

Date Issued	Debt Rated	Rating	Trend	Action	Attributesi
18-May-17	Resecuritization Trust Securities, Class 3A1	AAA (sf)	--	Upgraded	US
18-May-17	Resecuritization Trust Securities, Class 1A1	A (sf)	--	Confirmed	US
18-May-17	Resecuritization Trust Securities, Class 1A2	BBB (sf)	--	Confirmed	US

Date Issued	Debt Rated	Rating	Trend	Action	Attributesi
18-May-17	CSMC Series 2015-5R, Class 2-A-3	AA (sf)	--	Upgraded	US
18-May-17	CSMC Series 2015-5R, Class 2-A-1	A (sf)	--	Upgraded	US
18-May-17	CSMC Series 2015-5R, Class 2-A-4	A (sf)	--	Upgraded	US
18-May-17	CSMC Series 2015-5R, Class 1-A-1	BBB (sf)	--	Confirmed	US

Date Issued	Debt Rated	Rating	Trend	Action	Attributesi
18-May-17	CSMC Series 2015-6R, Class 1-A-1	AA (sf)	--	Upgraded	US
18-May-17	CSMC Series 2015-6R, Class 2-A-1	A (sf)	--	Upgraded	US
18-May-17	CSMC Series 2015-6R, Class 3-A-1	A (sf)	--	Upgraded	US
18-May-17	CSMC Series 2015-6R, Class 4-A-1	A (sf)	--	Upgraded	US
18-May-17	CSMC Series 2015-6R, Class 10-A-1	Discontinued	--	Disc.-Repaid	US

Date Issued	Debt Rated	Rating	Trend	Action	Attributesi
18-May-17	Mortgage Pass-Through Certificates, Series 2015-1, Class A-1	AAA (sf)	--	Confirmed	US
18-May-17	Mortgage Pass-Through Certificates, Series 2015-1, Class A-2	AAA (sf)	--	Confirmed	US
18-May-17	Mortgage Pass-Through Certificates, Series 2015-1, Class A-3	AAA (sf)	--	Confirmed	US
18-May-17	Mortgage Pass-Through Certificates, Series 2015-1, Class A-4	AAA (sf)	--	Confirmed	US
18-May-17	Mortgage Pass-Through Certificates, Series 2015-1, Class A-5	AAA (sf)	--	Confirmed	US
18-May-17	Mortgage Pass-Through Certificates, Series 2015-1, Class A-6	AAA (sf)	--	Confirmed	US
18-May-17	Mortgage Pass-Through Certificates, Series 2015-1, Class A-7	AAA (sf)	--	Confirmed	US
18-May-17	Mortgage Pass-Through Certificates, Series 2015-1, Class A-8	AAA (sf)	--	Confirmed	US
18-May-17	Mortgage Pass-Through Certificates, Series 2015-1, Class A-9	AAA (sf)	--	Confirmed	US
18-May-17	Mortgage Pass-Through Certificates, Series 2015-1, Class A-X-1	AAA (sf)	--	Confirmed	US
18-May-17	Mortgage Pass-Through Certificates, Series 2015-1, Class A-X-2	AAA (sf)	--	Confirmed	US
18-May-17	Mortgage Pass-Through Certificates, Series 2015-1, Class A-X-3	AAA (sf)	--	Confirmed	US
18-May-17	Mortgage Pass-Through Certificates, Series 2015-1, Class A-X-4	AAA (sf)	--	Confirmed	US
18-May-17	Mortgage Pass-Through Certificates, Series 2015-1, Class A-X-5	AAA (sf)	--	Confirmed	US
18-May-17	Mortgage Pass-Through Certificates, Series 2015-1, Class A-X-6	AAA (sf)	--	Confirmed	US
18-May-17	Mortgage Pass-Through Certificates, Series 2015-1, Class A-X-7	AAA (sf)	--	Confirmed	US
18-May-17	Mortgage Pass-Through Certificates, Series 2015-1, Class B-1	AA (high) (sf)	--	Upgraded	US
18-May-17	Mortgage Pass-Through Certificates, Series 2015-1, Class B-2	AA (sf)	--	Upgraded	US
18-May-17	Mortgage Pass-Through Certificates, Series 2015-1, Class A-IO-S	A (sf)	--	Confirmed	US
18-May-17	Mortgage Pass-Through Certificates, Series 2015-1, Class B-3	A (sf)	--	Upgraded	US

Date Issued	Debt Rated	Rating	Trend	Action	Attributesi
18-May-17	Resecuritization Trust Securities, Series 2014-12, Class 2A1	AA (sf)	--	Upgraded	US

Date Issued	Debt Rated	Rating	Trend	Action	Attributesi
18-May-17	Resecuritization Trust Securities, Series 2015-5, Class 3A1	AA (sf)	--	Upgraded	US
18-May-17	Resecuritization Trust Securities, Series 2015-5, Class 4A1	AA (sf)	--	Upgraded	US
18-May-17	Resecuritization Trust Securities, Series 2015-5, Class 5A1	AA (sf)	--	Upgraded	US

Date Issued	Debt Rated	Rating	Trend	Action	Attributesi
18-May-17	Resecuritization Trust Securities, Series 2015-6, Class 2A1	AA (sf)	--	Upgraded	US

Date Issued	Debt Rated	Rating	Trend	Action	Attributesi
18-May-17	Resecuritization Trust Securities, Series 2015-4R, Class A-1B	AAA (sf)	--	Upgraded	US
18-May-17	Resecuritization Trust Securities, Series 2015-4R, Class A-1C	AA (high) (sf)	--	Upgraded	US
18-May-17	Resecuritization Trust Securities, Series 2015-4R, Class A-1	AA (sf)	--	Upgraded	US
18-May-17	Resecuritization Trust Securities, Series 2015-4R, Class A-1D	AA (sf)	--	Upgraded	US

Date Issued	Debt Rated	Rating	Trend	Action	Attributesi
18-May-17	Resecuritization Trust Securities, Series 2015-5R, Class 1A	AA (sf)	--	Upgraded	US
18-May-17	Resecuritization Trust Securities, Series 2015-5R, Class 1B	A (sf)	--	Upgraded	US
18-May-17	Resecuritization Trust Securities, Series 2015-5R, Class 2A	A (sf)	--	Confirmed	US
18-May-17	Resecuritization Trust Securities, Series 2015-5R, Class 2B	BBB (sf)	--	Confirmed	US

Date Issued	Debt Rated	Rating	Trend	Action	Attributesi
18-May-17	Resecuritization Pass-Through Securities, Series 2015-R3, Class 9-A1	AA (sf)	--	Confirmed	US
18-May-17	Resecuritization Pass-Through Securities, Series 2015-R3, Class 7-A1	A (high) (sf)	--	Upgraded	US
18-May-17	Resecuritization Pass-Through Securities, Series 2015-R3, Class 8-A	A (high) (sf)	--	Upgraded	US
18-May-17	Resecuritization Pass-Through Securities, Series 2015-R3, Class 7-A2	BBB (high) (sf)	--	Upgraded	US
18-May-17	Resecuritization Pass-Through Securities, Series 2015-R3, Class 9-A2	BBB (high) (sf)	--	Upgraded	US

Date Issued	Debt Rated	Rating	Trend	Action	Attributesi
18-May-17	Resecuritization Pass-Through Securities, Series 2015-R4, Class 1-A1	AA (sf)	--	Upgraded	US
18-May-17	Resecuritization Pass-Through Securities, Series 2015-R4, Class 1-A2	A (high) (sf)	--	Upgraded	US
18-May-17	Resecuritization Pass-Through Securities, Series 2015-R4, Class 4-A	A (high) (sf)	--	Upgraded	US

Date Issued	Debt Rated	Rating	Trend	Action	Attributesi
18-May-17	Resecuritization Trust Securities, Series 2015-6R, Class 3A1	AAA (sf)	--	Upgraded	US
18-May-17	Resecuritization Trust Securities, Series 2015-6R, Class 1A1	AA (sf)	--	Upgraded	US
18-May-17	Resecuritization Trust Securities, Series 2015-6R, Class 3A2	AA (sf)	--	Upgraded	US

Date Issued	Debt Rated	Rating	Trend	Action	Attributesi
18-May-17	Mortgage Pass-Through Certificates, Series 2015-A, Class A-1	AAA (sf)	--	Confirmed	US
18-May-17	Mortgage Pass-Through Certificates, Series 2015-A, Class A-10	AAA (sf)	--	Confirmed	US
18-May-17	Mortgage Pass-Through Certificates, Series 2015-A, Class A-11	AAA (sf)	--	Confirmed	US
18-May-17	Mortgage Pass-Through Certificates, Series 2015-A, Class A-12	AAA (sf)	--	Confirmed	US
18-May-17	Mortgage Pass-Through Certificates, Series 2015-A, Class A-13	AAA (sf)	--	Confirmed	US
18-May-17	Mortgage Pass-Through Certificates, Series 2015-A, Class A-14	AAA (sf)	--	Confirmed	US
18-May-17	Mortgage Pass-Through Certificates, Series 2015-A, Class A-15	AAA (sf)	--	Confirmed	US
18-May-17	Mortgage Pass-Through Certificates, Series 2015-A, Class A-16	AAA (sf)	--	Confirmed	US
18-May-17	Mortgage Pass-Through Certificates, Series 2015-A, Class A-17	AAA (sf)	--	Confirmed	US
18-May-17	Mortgage Pass-Through Certificates, Series 2015-A, Class A-18	AAA (sf)	--	Confirmed	US
18-May-17	Mortgage Pass-Through Certificates, Series 2015-A, Class A-19	AAA (sf)	--	Confirmed	US
18-May-17	Mortgage Pass-Through Certificates, Series 2015-A, Class A-2	AAA (sf)	--	Confirmed	US
18-May-17	Mortgage Pass-Through Certificates, Series 2015-A, Class A-20	AAA (sf)	--	Confirmed	US
18-May-17	Mortgage Pass-Through Certificates, Series 2015-A, Class A-21	AAA (sf)	--	Confirmed	US
18-May-17	Mortgage Pass-Through Certificates, Series 2015-A, Class A-22	AAA (sf)	--	Confirmed	US
18-May-17	Mortgage Pass-Through Certificates, Series 2015-A, Class A-23	AAA (sf)	--	Confirmed	US
18-May-17	Mortgage Pass-Through Certificates, Series 2015-A, Class A-3	AAA (sf)	--	Confirmed	US
18-May-17	Mortgage Pass-Through Certificates, Series 2015-A, Class A-4	AAA (sf)	--	Confirmed	US
18-May-17	Mortgage Pass-Through Certificates, Series 2015-A, Class A-5	AAA (sf)	--	Confirmed	US
18-May-17	Mortgage Pass-Through Certificates, Series 2015-A, Class A-6	AAA (sf)	--	Confirmed	US
18-May-17	Mortgage Pass-Through Certificates, Series 2015-A, Class A-7	AAA (sf)	--	Confirmed	US
18-May-17	Mortgage Pass-Through Certificates, Series 2015-A, Class A-8	AAA (sf)	--	Confirmed	US
18-May-17	Mortgage Pass-Through Certificates, Series 2015-A, Class A-9	AAA (sf)	--	Confirmed	US
18-May-17	Mortgage Pass-Through Certificates, Series 2015-A, Class A-X-1	AAA (sf)	--	Confirmed	US
18-May-17	Mortgage Pass-Through Certificates, Series 2015-A, Class A-X-10	AAA (sf)	--	Confirmed	US
18-May-17	Mortgage Pass-Through Certificates, Series 2015-A, Class A-X-11	AAA (sf)	--	Confirmed	US
18-May-17	Mortgage Pass-Through Certificates, Series 2015-A, Class A-X-12	AAA (sf)	--	Confirmed	US
18-May-17	Mortgage Pass-Through Certificates, Series 2015-A, Class A-X-13	AAA (sf)	--	Confirmed	US
18-May-17	Mortgage Pass-Through Certificates, Series 2015-A, Class A-X-14	AAA (sf)	--	Confirmed	US
18-May-17	Mortgage Pass-Through Certificates, Series 2015-A, Class A-X-15	AAA (sf)	--	Confirmed	US
18-May-17	Mortgage Pass-Through Certificates, Series 2015-A, Class A-X-16	AAA (sf)	--	Confirmed	US
18-May-17	Mortgage Pass-Through Certificates, Series 2015-A, Class A-X-17	AAA (sf)	--	Confirmed	US
18-May-17	Mortgage Pass-Through Certificates, Series 2015-A, Class A-X-18	AAA (sf)	--	Confirmed	US
18-May-17	Mortgage Pass-Through Certificates, Series 2015-A, Class A-X-19	AAA (sf)	--	Confirmed	US
18-May-17	Mortgage Pass-Through Certificates, Series 2015-A, Class A-X-2	AAA (sf)	--	Confirmed	US
18-May-17	Mortgage Pass-Through Certificates, Series 2015-A, Class A-X-20	AAA (sf)	--	Confirmed	US
18-May-17	Mortgage Pass-Through Certificates, Series 2015-A, Class A-X-21	AAA (sf)	--	Confirmed	US
18-May-17	Mortgage Pass-Through Certificates, Series 2015-A, Class A-X-22	AAA (sf)	--	Confirmed	US
18-May-17	Mortgage Pass-Through Certificates, Series 2015-A, Class A-X-23	AAA (sf)	--	Confirmed	US
18-May-17	Mortgage Pass-Through Certificates, Series 2015-A, Class A-X-3	AAA (sf)	--	Confirmed	US
18-May-17	Mortgage Pass-Through Certificates, Series 2015-A, Class A-X-4	AAA (sf)	--	Confirmed	US
18-May-17	Mortgage Pass-Through Certificates, Series 2015-A, Class A-X-5	AAA (sf)	--	Confirmed	US
18-May-17	Mortgage Pass-Through Certificates, Series 2015-A, Class A-X-6	AAA (sf)	--	Confirmed	US
18-May-17	Mortgage Pass-Through Certificates, Series 2015-A, Class A-X-7	AAA (sf)	--	Confirmed	US
18-May-17	Mortgage Pass-Through Certificates, Series 2015-A, Class A-X-8	AAA (sf)	--	Confirmed	US
18-May-17	Mortgage Pass-Through Certificates, Series 2015-A, Class A-X-9	AAA (sf)	--	Confirmed	US
18-May-17	Mortgage Pass-Through Certificates, Series 2015-A, Class B-1	AA (high) (sf)	--	Confirmed	US
18-May-17	Mortgage Pass-Through Certificates, Series 2015-A, Class B-2	AA (sf)	--	Upgraded	US
18-May-17	Mortgage Pass-Through Certificates, Series 2015-A, Class B-3	A (sf)	--	Upgraded	US
18-May-17	Mortgage Pass-Through Certificates, Series 2015-A, Class B-4	BBB (sf)	--	Upgraded	US

BCAP LLC 2014-RR5 Trust

Resecuritization Trust Securities, Class 1A3

Date Issued:May 18, 2017
Rating Action:Upgraded
Ratings:AA (high) (sf)
Trend:--
Rating Recovery:
Issued:US

BCAP LLC 2015-RR6 Trust

Resecuritization Trust Securities, Class 3A1

Date Issued:May 18, 2017
Rating Action:Upgraded
Ratings:AAA (sf)
Trend:--
Rating Recovery:
Issued:US

Resecuritization Trust Securities, Class 1A1

Date Issued:May 18, 2017
Rating Action:Confirmed
Ratings:A (sf)
Trend:--
Rating Recovery:
Issued:US

Resecuritization Trust Securities, Class 1A2

Date Issued:May 18, 2017
Rating Action:Confirmed
Ratings:BBB (sf)
Trend:--
Rating Recovery:
Issued:US

CSMC Series 2015-5R

CSMC Series 2015-5R, Class 2-A-3

Date Issued:May 18, 2017
Rating Action:Upgraded
Ratings:AA (sf)
Trend:--
Rating Recovery:
Issued:US

CSMC Series 2015-5R, Class 2-A-1

Date Issued:May 18, 2017
Rating Action:Upgraded
Ratings:A (sf)
Trend:--
Rating Recovery:
Issued:US

CSMC Series 2015-5R, Class 2-A-4

Date Issued:May 18, 2017
Rating Action:Upgraded
Ratings:A (sf)
Trend:--
Rating Recovery:
Issued:US

CSMC Series 2015-5R, Class 1-A-1

Date Issued:May 18, 2017
Rating Action:Confirmed
Ratings:BBB (sf)
Trend:--
Rating Recovery:
Issued:US

CSMC Series 2015-6R

CSMC Series 2015-6R, Class 1-A-1

Date Issued:May 18, 2017
Rating Action:Upgraded
Ratings:AA (sf)
Trend:--
Rating Recovery:
Issued:US

CSMC Series 2015-6R, Class 2-A-1

Date Issued:May 18, 2017
Rating Action:Upgraded
Ratings:A (sf)
Trend:--
Rating Recovery:
Issued:US

CSMC Series 2015-6R, Class 3-A-1

Date Issued:May 18, 2017
Rating Action:Upgraded
Ratings:A (sf)
Trend:--
Rating Recovery:
Issued:US

CSMC Series 2015-6R, Class 4-A-1

Date Issued:May 18, 2017
Rating Action:Upgraded
Ratings:A (sf)
Trend:--
Rating Recovery:
Issued:US

CSMC Series 2015-6R, Class 10-A-1

Date Issued:May 18, 2017
Rating Action:Disc.-Repaid
Ratings:Discontinued
Trend:--
Rating Recovery:
Issued:US

CSMC Trust 2015-1

Mortgage Pass-Through Certificates, Series 2015-1, Class A-1

Date Issued:May 18, 2017
Rating Action:Confirmed
Ratings:AAA (sf)
Trend:--
Rating Recovery:
Issued:US

Mortgage Pass-Through Certificates, Series 2015-1, Class A-2

Date Issued:May 18, 2017
Rating Action:Confirmed
Ratings:AAA (sf)
Trend:--
Rating Recovery:
Issued:US

Mortgage Pass-Through Certificates, Series 2015-1, Class A-3

Date Issued:May 18, 2017
Rating Action:Confirmed
Ratings:AAA (sf)
Trend:--
Rating Recovery:
Issued:US

Mortgage Pass-Through Certificates, Series 2015-1, Class A-4

Date Issued:May 18, 2017
Rating Action:Confirmed
Ratings:AAA (sf)
Trend:--
Rating Recovery:
Issued:US

Mortgage Pass-Through Certificates, Series 2015-1, Class A-5

Date Issued:May 18, 2017
Rating Action:Confirmed
Ratings:AAA (sf)
Trend:--
Rating Recovery:
Issued:US

Mortgage Pass-Through Certificates, Series 2015-1, Class A-6

Date Issued:May 18, 2017
Rating Action:Confirmed
Ratings:AAA (sf)
Trend:--
Rating Recovery:
Issued:US

Mortgage Pass-Through Certificates, Series 2015-1, Class A-7

Date Issued:May 18, 2017
Rating Action:Confirmed
Ratings:AAA (sf)
Trend:--
Rating Recovery:
Issued:US

Mortgage Pass-Through Certificates, Series 2015-1, Class A-8

Date Issued:May 18, 2017
Rating Action:Confirmed
Ratings:AAA (sf)
Trend:--
Rating Recovery:
Issued:US

Mortgage Pass-Through Certificates, Series 2015-1, Class A-9

Date Issued:May 18, 2017
Rating Action:Confirmed
Ratings:AAA (sf)
Trend:--
Rating Recovery:
Issued:US

Mortgage Pass-Through Certificates, Series 2015-1, Class A-X-1

Date Issued:May 18, 2017
Rating Action:Confirmed
Ratings:AAA (sf)
Trend:--
Rating Recovery:
Issued:US

Mortgage Pass-Through Certificates, Series 2015-1, Class A-X-2

Date Issued:May 18, 2017
Rating Action:Confirmed
Ratings:AAA (sf)
Trend:--
Rating Recovery:
Issued:US

Mortgage Pass-Through Certificates, Series 2015-1, Class A-X-3

Date Issued:May 18, 2017
Rating Action:Confirmed
Ratings:AAA (sf)
Trend:--
Rating Recovery:
Issued:US

Mortgage Pass-Through Certificates, Series 2015-1, Class A-X-4

Date Issued:May 18, 2017
Rating Action:Confirmed
Ratings:AAA (sf)
Trend:--
Rating Recovery:
Issued:US

Mortgage Pass-Through Certificates, Series 2015-1, Class A-X-5

Date Issued:May 18, 2017
Rating Action:Confirmed
Ratings:AAA (sf)
Trend:--
Rating Recovery:
Issued:US

Mortgage Pass-Through Certificates, Series 2015-1, Class A-X-6

Date Issued:May 18, 2017
Rating Action:Confirmed
Ratings:AAA (sf)
Trend:--
Rating Recovery:
Issued:US

Mortgage Pass-Through Certificates, Series 2015-1, Class A-X-7

Date Issued:May 18, 2017
Rating Action:Confirmed
Ratings:AAA (sf)
Trend:--
Rating Recovery:
Issued:US

Mortgage Pass-Through Certificates, Series 2015-1, Class B-1

Date Issued:May 18, 2017
Rating Action:Upgraded
Ratings:AA (high) (sf)
Trend:--
Rating Recovery:
Issued:US

Mortgage Pass-Through Certificates, Series 2015-1, Class B-2

Date Issued:May 18, 2017
Rating Action:Upgraded
Ratings:AA (sf)
Trend:--
Rating Recovery:
Issued:US

Mortgage Pass-Through Certificates, Series 2015-1, Class A-IO-S

Date Issued:May 18, 2017
Rating Action:Confirmed
Ratings:A (sf)
Trend:--
Rating Recovery:
Issued:US

Mortgage Pass-Through Certificates, Series 2015-1, Class B-3

Date Issued:May 18, 2017
Rating Action:Upgraded
Ratings:A (sf)
Trend:--
Rating Recovery:
Issued:US

Citigroup Mortgage Loan Trust 2014-12

Resecuritization Trust Securities, Series 2014-12, Class 2A1

Date Issued:May 18, 2017
Rating Action:Upgraded
Ratings:AA (sf)
Trend:--
Rating Recovery:
Issued:US

Citigroup Mortgage Loan Trust 2015-5

Resecuritization Trust Securities, Series 2015-5, Class 3A1

Date Issued:May 18, 2017
Rating Action:Upgraded
Ratings:AA (sf)
Trend:--
Rating Recovery:
Issued:US

Resecuritization Trust Securities, Series 2015-5, Class 4A1

Date Issued:May 18, 2017
Rating Action:Upgraded
Ratings:AA (sf)
Trend:--
Rating Recovery:
Issued:US

Resecuritization Trust Securities, Series 2015-5, Class 5A1

Date Issued:May 18, 2017
Rating Action:Upgraded
Ratings:AA (sf)
Trend:--
Rating Recovery:
Issued:US

Citigroup Mortgage Loan Trust 2015-6

Resecuritization Trust Securities, Series 2015-6, Class 2A1

Date Issued:May 18, 2017
Rating Action:Upgraded
Ratings:AA (sf)
Trend:--
Rating Recovery:
Issued:US

GSMSC Resecuritization Trust 2015-4R

Resecuritization Trust Securities, Series 2015-4R, Class A-1B

Date Issued:May 18, 2017
Rating Action:Upgraded
Ratings:AAA (sf)
Trend:--
Rating Recovery:
Issued:US

Resecuritization Trust Securities, Series 2015-4R, Class A-1C

Date Issued:May 18, 2017
Rating Action:Upgraded
Ratings:AA (high) (sf)
Trend:--
Rating Recovery:
Issued:US

Resecuritization Trust Securities, Series 2015-4R, Class A-1

Date Issued:May 18, 2017
Rating Action:Upgraded
Ratings:AA (sf)
Trend:--
Rating Recovery:
Issued:US

Resecuritization Trust Securities, Series 2015-4R, Class A-1D

Date Issued:May 18, 2017
Rating Action:Upgraded
Ratings:AA (sf)
Trend:--
Rating Recovery:
Issued:US

GSMSC Resecuritization Trust 2015-5R

Resecuritization Trust Securities, Series 2015-5R, Class 1A

Date Issued:May 18, 2017
Rating Action:Upgraded
Ratings:AA (sf)
Trend:--
Rating Recovery:
Issued:US

Resecuritization Trust Securities, Series 2015-5R, Class 1B

Date Issued:May 18, 2017
Rating Action:Upgraded
Ratings:A (sf)
Trend:--
Rating Recovery:
Issued:US

Resecuritization Trust Securities, Series 2015-5R, Class 2A

Date Issued:May 18, 2017
Rating Action:Confirmed
Ratings:A (sf)
Trend:--
Rating Recovery:
Issued:US

Resecuritization Trust Securities, Series 2015-5R, Class 2B

Date Issued:May 18, 2017
Rating Action:Confirmed
Ratings:BBB (sf)
Trend:--
Rating Recovery:
Issued:US

Morgan Stanley Resecuritization Trust 2015-R3

Resecuritization Pass-Through Securities, Series 2015-R3, Class 9-A1

Date Issued:May 18, 2017
Rating Action:Confirmed
Ratings:AA (sf)
Trend:--
Rating Recovery:
Issued:US

Resecuritization Pass-Through Securities, Series 2015-R3, Class 7-A1

Date Issued:May 18, 2017
Rating Action:Upgraded
Ratings:A (high) (sf)
Trend:--
Rating Recovery:
Issued:US

Resecuritization Pass-Through Securities, Series 2015-R3, Class 8-A

Date Issued:May 18, 2017
Rating Action:Upgraded
Ratings:A (high) (sf)
Trend:--
Rating Recovery:
Issued:US

Resecuritization Pass-Through Securities, Series 2015-R3, Class 7-A2

Date Issued:May 18, 2017
Rating Action:Upgraded
Ratings:BBB (high) (sf)
Trend:--
Rating Recovery:
Issued:US

Resecuritization Pass-Through Securities, Series 2015-R3, Class 9-A2

Date Issued:May 18, 2017
Rating Action:Upgraded
Ratings:BBB (high) (sf)
Trend:--
Rating Recovery:
Issued:US

Morgan Stanley Resecuritization Trust 2015-R4

Resecuritization Pass-Through Securities, Series 2015-R4, Class 1-A1

Date Issued:May 18, 2017
Rating Action:Upgraded
Ratings:AA (sf)
Trend:--
Rating Recovery:
Issued:US

Resecuritization Pass-Through Securities, Series 2015-R4, Class 1-A2

Date Issued:May 18, 2017
Rating Action:Upgraded
Ratings:A (high) (sf)
Trend:--
Rating Recovery:
Issued:US

Resecuritization Pass-Through Securities, Series 2015-R4, Class 4-A

Date Issued:May 18, 2017
Rating Action:Upgraded
Ratings:A (high) (sf)
Trend:--
Rating Recovery:
Issued:US

Nomura Resecuritization Trust 2015-6R

Resecuritization Trust Securities, Series 2015-6R, Class 3A1

Date Issued:May 18, 2017
Rating Action:Upgraded
Ratings:AAA (sf)
Trend:--
Rating Recovery:
Issued:US

Resecuritization Trust Securities, Series 2015-6R, Class 1A1

Date Issued:May 18, 2017
Rating Action:Upgraded
Ratings:AA (sf)
Trend:--
Rating Recovery:
Issued:US

Resecuritization Trust Securities, Series 2015-6R, Class 3A2

Date Issued:May 18, 2017
Rating Action:Upgraded
Ratings:AA (sf)
Trend:--
Rating Recovery:
Issued:US

WinWater Mortgage Loan Trust 2015-A

Mortgage Pass-Through Certificates, Series 2015-A, Class A-1

Date Issued:May 18, 2017
Rating Action:Confirmed
Ratings:AAA (sf)
Trend:--
Rating Recovery:
Issued:US

Mortgage Pass-Through Certificates, Series 2015-A, Class A-10

Date Issued:May 18, 2017
Rating Action:Confirmed
Ratings:AAA (sf)
Trend:--
Rating Recovery:
Issued:US

Mortgage Pass-Through Certificates, Series 2015-A, Class A-11

Date Issued:May 18, 2017
Rating Action:Confirmed
Ratings:AAA (sf)
Trend:--
Rating Recovery:
Issued:US

Mortgage Pass-Through Certificates, Series 2015-A, Class A-12

Date Issued:May 18, 2017
Rating Action:Confirmed
Ratings:AAA (sf)
Trend:--
Rating Recovery:
Issued:US

Mortgage Pass-Through Certificates, Series 2015-A, Class A-13

Date Issued:May 18, 2017
Rating Action:Confirmed
Ratings:AAA (sf)
Trend:--
Rating Recovery:
Issued:US

Mortgage Pass-Through Certificates, Series 2015-A, Class A-14

Date Issued:May 18, 2017
Rating Action:Confirmed
Ratings:AAA (sf)
Trend:--
Rating Recovery:
Issued:US

Mortgage Pass-Through Certificates, Series 2015-A, Class A-15

Date Issued:May 18, 2017
Rating Action:Confirmed
Ratings:AAA (sf)
Trend:--
Rating Recovery:
Issued:US

Mortgage Pass-Through Certificates, Series 2015-A, Class A-16

Date Issued:May 18, 2017
Rating Action:Confirmed
Ratings:AAA (sf)
Trend:--
Rating Recovery:
Issued:US

Mortgage Pass-Through Certificates, Series 2015-A, Class A-17

Date Issued:May 18, 2017
Rating Action:Confirmed
Ratings:AAA (sf)
Trend:--
Rating Recovery:
Issued:US

Mortgage Pass-Through Certificates, Series 2015-A, Class A-18

Date Issued:May 18, 2017
Rating Action:Confirmed
Ratings:AAA (sf)
Trend:--
Rating Recovery:
Issued:US

Mortgage Pass-Through Certificates, Series 2015-A, Class A-19

Date Issued:May 18, 2017
Rating Action:Confirmed
Ratings:AAA (sf)
Trend:--
Rating Recovery:
Issued:US

Mortgage Pass-Through Certificates, Series 2015-A, Class A-2

Date Issued:May 18, 2017
Rating Action:Confirmed
Ratings:AAA (sf)
Trend:--
Rating Recovery:
Issued:US

Mortgage Pass-Through Certificates, Series 2015-A, Class A-20

Date Issued:May 18, 2017
Rating Action:Confirmed
Ratings:AAA (sf)
Trend:--
Rating Recovery:
Issued:US

Mortgage Pass-Through Certificates, Series 2015-A, Class A-21

Date Issued:May 18, 2017
Rating Action:Confirmed
Ratings:AAA (sf)
Trend:--
Rating Recovery:
Issued:US

Mortgage Pass-Through Certificates, Series 2015-A, Class A-22

Date Issued:May 18, 2017
Rating Action:Confirmed
Ratings:AAA (sf)
Trend:--
Rating Recovery:
Issued:US

Mortgage Pass-Through Certificates, Series 2015-A, Class A-23

Date Issued:May 18, 2017
Rating Action:Confirmed
Ratings:AAA (sf)
Trend:--
Rating Recovery:
Issued:US

Mortgage Pass-Through Certificates, Series 2015-A, Class A-3

Date Issued:May 18, 2017
Rating Action:Confirmed
Ratings:AAA (sf)
Trend:--
Rating Recovery:
Issued:US

Mortgage Pass-Through Certificates, Series 2015-A, Class A-4

Date Issued:May 18, 2017
Rating Action:Confirmed
Ratings:AAA (sf)
Trend:--
Rating Recovery:
Issued:US

Mortgage Pass-Through Certificates, Series 2015-A, Class A-5

Date Issued:May 18, 2017
Rating Action:Confirmed
Ratings:AAA (sf)
Trend:--
Rating Recovery:
Issued:US

Mortgage Pass-Through Certificates, Series 2015-A, Class A-6

Date Issued:May 18, 2017
Rating Action:Confirmed
Ratings:AAA (sf)
Trend:--
Rating Recovery:
Issued:US

Mortgage Pass-Through Certificates, Series 2015-A, Class A-7

Date Issued:May 18, 2017
Rating Action:Confirmed
Ratings:AAA (sf)
Trend:--
Rating Recovery:
Issued:US

Mortgage Pass-Through Certificates, Series 2015-A, Class A-8

Date Issued:May 18, 2017
Rating Action:Confirmed
Ratings:AAA (sf)
Trend:--
Rating Recovery:
Issued:US

Mortgage Pass-Through Certificates, Series 2015-A, Class A-9

Date Issued:May 18, 2017
Rating Action:Confirmed
Ratings:AAA (sf)
Trend:--
Rating Recovery:
Issued:US

Mortgage Pass-Through Certificates, Series 2015-A, Class A-X-1

Date Issued:May 18, 2017
Rating Action:Confirmed
Ratings:AAA (sf)
Trend:--
Rating Recovery:
Issued:US

Mortgage Pass-Through Certificates, Series 2015-A, Class A-X-10

Date Issued:May 18, 2017
Rating Action:Confirmed
Ratings:AAA (sf)
Trend:--
Rating Recovery:
Issued:US

Mortgage Pass-Through Certificates, Series 2015-A, Class A-X-11

Date Issued:May 18, 2017
Rating Action:Confirmed
Ratings:AAA (sf)
Trend:--
Rating Recovery:
Issued:US

Mortgage Pass-Through Certificates, Series 2015-A, Class A-X-12

Date Issued:May 18, 2017
Rating Action:Confirmed
Ratings:AAA (sf)
Trend:--
Rating Recovery:
Issued:US

Mortgage Pass-Through Certificates, Series 2015-A, Class A-X-13

Date Issued:May 18, 2017
Rating Action:Confirmed
Ratings:AAA (sf)
Trend:--
Rating Recovery:
Issued:US

Mortgage Pass-Through Certificates, Series 2015-A, Class A-X-14

Date Issued:May 18, 2017
Rating Action:Confirmed
Ratings:AAA (sf)
Trend:--
Rating Recovery:
Issued:US

Mortgage Pass-Through Certificates, Series 2015-A, Class A-X-15

Date Issued:May 18, 2017
Rating Action:Confirmed
Ratings:AAA (sf)
Trend:--
Rating Recovery:
Issued:US

Mortgage Pass-Through Certificates, Series 2015-A, Class A-X-16

Date Issued:May 18, 2017
Rating Action:Confirmed
Ratings:AAA (sf)
Trend:--
Rating Recovery:
Issued:US

Mortgage Pass-Through Certificates, Series 2015-A, Class A-X-17

Date Issued:May 18, 2017
Rating Action:Confirmed
Ratings:AAA (sf)
Trend:--
Rating Recovery:
Issued:US

Mortgage Pass-Through Certificates, Series 2015-A, Class A-X-18

Date Issued:May 18, 2017
Rating Action:Confirmed
Ratings:AAA (sf)
Trend:--
Rating Recovery:
Issued:US

Mortgage Pass-Through Certificates, Series 2015-A, Class A-X-19

Date Issued:May 18, 2017
Rating Action:Confirmed
Ratings:AAA (sf)
Trend:--
Rating Recovery:
Issued:US

Mortgage Pass-Through Certificates, Series 2015-A, Class A-X-2

Date Issued:May 18, 2017
Rating Action:Confirmed
Ratings:AAA (sf)
Trend:--
Rating Recovery:
Issued:US

Mortgage Pass-Through Certificates, Series 2015-A, Class A-X-20

Date Issued:May 18, 2017
Rating Action:Confirmed
Ratings:AAA (sf)
Trend:--
Rating Recovery:
Issued:US

Mortgage Pass-Through Certificates, Series 2015-A, Class A-X-21

Date Issued:May 18, 2017
Rating Action:Confirmed
Ratings:AAA (sf)
Trend:--
Rating Recovery:
Issued:US

Mortgage Pass-Through Certificates, Series 2015-A, Class A-X-22

Date Issued:May 18, 2017
Rating Action:Confirmed
Ratings:AAA (sf)
Trend:--
Rating Recovery:
Issued:US

Mortgage Pass-Through Certificates, Series 2015-A, Class A-X-23

Date Issued:May 18, 2017
Rating Action:Confirmed
Ratings:AAA (sf)
Trend:--
Rating Recovery:
Issued:US

Mortgage Pass-Through Certificates, Series 2015-A, Class A-X-3

Date Issued:May 18, 2017
Rating Action:Confirmed
Ratings:AAA (sf)
Trend:--
Rating Recovery:
Issued:US

Mortgage Pass-Through Certificates, Series 2015-A, Class A-X-4

Date Issued:May 18, 2017
Rating Action:Confirmed
Ratings:AAA (sf)
Trend:--
Rating Recovery:
Issued:US

Mortgage Pass-Through Certificates, Series 2015-A, Class A-X-5

Date Issued:May 18, 2017
Rating Action:Confirmed
Ratings:AAA (sf)
Trend:--
Rating Recovery:
Issued:US

Mortgage Pass-Through Certificates, Series 2015-A, Class A-X-6

Date Issued:May 18, 2017
Rating Action:Confirmed
Ratings:AAA (sf)
Trend:--
Rating Recovery:
Issued:US

Mortgage Pass-Through Certificates, Series 2015-A, Class A-X-7

Date Issued:May 18, 2017
Rating Action:Confirmed
Ratings:AAA (sf)
Trend:--
Rating Recovery:
Issued:US

Mortgage Pass-Through Certificates, Series 2015-A, Class A-X-8

Date Issued:May 18, 2017
Rating Action:Confirmed
Ratings:AAA (sf)
Trend:--
Rating Recovery:
Issued:US

Mortgage Pass-Through Certificates, Series 2015-A, Class A-X-9

Date Issued:May 18, 2017
Rating Action:Confirmed
Ratings:AAA (sf)
Trend:--
Rating Recovery:
Issued:US

Mortgage Pass-Through Certificates, Series 2015-A, Class B-1

Date Issued:May 18, 2017
Rating Action:Confirmed
Ratings:AA (high) (sf)
Trend:--
Rating Recovery:
Issued:US

Mortgage Pass-Through Certificates, Series 2015-A, Class B-2

Date Issued:May 18, 2017
Rating Action:Upgraded
Ratings:AA (sf)
Trend:--
Rating Recovery:
Issued:US

Mortgage Pass-Through Certificates, Series 2015-A, Class B-3

Date Issued:May 18, 2017
Rating Action:Upgraded
Ratings:A (sf)
Trend:--
Rating Recovery:
Issued:US

Mortgage Pass-Through Certificates, Series 2015-A, Class B-4

Date Issued:May 18, 2017
Rating Action:Upgraded
Ratings:BBB (sf)
Trend:--
Rating Recovery:
Issued:US

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.

Download This Press Release