AMSR 2020-SFR2 Trust: Rating Report

DBRS, Inc. (DBRS Morningstar) finalized its provisional ratings on the Single-Family Rental Pass-Through Certificates issued by AMSR 2020-SFR2 Trust. The AAA (sf) ratings on the Class A and Class B Certificates reflect 69.2% and 60.8% of credit enhancement, respectively, provided by subordinated notes in the pool. The AA (high) (sf), AA (low) (sf), A (low) (sf), BBB (low) (sf), BB (high) (sf), and BB (low) (sf) ratings reflect 54.7%, 43.2%, 31.6%, 31.6%, 26.3%, and 21.3% of credit enhancement, respectively.