Silver Hill Trust 2019-SBC1: Presale Report

DBRS, Inc. (DBRS Morningstar) assigned provisional ratings to the following classes of secured floating-rate notes to be issued by Silver Hill Trust 2019-SBC1 (the Issuer):

-- Class A1 at AAA (sf)
-- Class A1-IO at AAA (sf)
-- Class A2 at AAA (sf)
-- Class A2-IO at AAA (sf)
-- Class M1 at AA (sf)
-- Class M1-IO at AA (sf)
-- Class M2 at A (sf)
-- Class M2-IO at A (sf)
-- Class M3 at BBB (sf)
-- Class M3-IO at BBB (sf)
-- Class B1 at BB (sf)
-- Class B1-IO at BB (sf)
-- Class B2 at B (sf)
-- Class B2-IO at B (sf)

All trends are Stable.