Fortified Trust: Presale Report - Series 2017-1

DBRS Limited (DBRS) assigned provisional ratings to the Real Estate Secured Line of Credit-Backed Notes, Series 2017-1 (the Notes) to be issued by Fortified Trust (the Trust) as follows:

-- AAA (sf) to the Real Estate Secured Line of Credit-Backed Class A Notes, Series 2017-1 (the Class A Notes);
-- AA (high) (sf) to the Real Estate Secured Line of Credit-Backed Class B Notes, Series 2017-1 (the Class B Notes);
-- A (high) (sf) to the Real Estate Secured Line of Credit-Backed Class C Notes, Series 2017-1.

The finalization of the ratings is contingent upon receipt of final documents conforming to information already received.