DBRS Morningstar Assigns Provisional Rating to Hamilton Community Authority (Ohio) Property Assessed Clean Energy Taxable Revenue Bonds (Champion Mill Project), Series 2019

DBRS, Inc. (DBRS Morningstar) assigned a provisional rating of BB (sf) to the Hamilton Community Authority (Ohio) Property Assessed Clean Energy Taxable Revenue Bonds (Champion Mill Project), Series 2019 note. In addition, DBRS Morningstar placed the above-mentioned rating Under Review with Developing Implications.

All DBRS Morningstar ratings that relate to the “North American Single-Asset/Single-Borrower Methodology” are currently Under Review with Developing Implications because DBRS Morningstar is requesting comments on the methodology. For more information, please see “DBRS Morningstar Requests Comments on North American Single-Asset/Single-Borrower Ratings Methodology” on www.dbrs.com.

RATING RATIONALE
The provisional rating is based on DBRS Morningstar’s review of the following analytical considerations:
-- Transaction capital structure and proposed ratings.
-- The transaction parties’ capabilities with regard to origination, underwriting and servicing.
-- Credit quality of the collateral pool.

Notes:
All figures are in U.S. dollars unless otherwise noted.

The principal methodologies are North American Single-Asset/Single-Borrower Methodology and the Rating U.S. Property Assessed Clean Energy (PACE) Securitizations, which can be found on dbrs.com under Methodologies & Criteria.

The rated entity or its related entities did participate in the rating process for this rating action. DBRS Morningstar had access to the accounts and other relevant internal documents of the rated entity or its related entities in connection with this rating action.

For more information on this credit or on this industry, visit www.dbrs.com or contact us at [email protected].

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