Presale

Westgate Resorts 2020-1 LLC: Presale Report

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Summary

DBRS, Inc. (DBRS Morningstar) assigned provisional ratings to the Timeshare Collateralized Notes, Series 2020-1 to be issued by Westgate Resorts 2020-1 LLC (Westgate 2020-1 or the Issuer). Westgate has issued more than $3.23 billion of structured timeshare mortgage financings since 1992 and was active in the term ABS market between 1998 and 2001. The Westgate 2020-1 transaction represents the 14th ABS transaction for Westgate Resorts, Ltd. (Westgate or the Company) since the beginning of 2012. Westgate 2020-1 offers both senior and subordinate rated securities.

Ratings

Westgate Resorts 2020-1 LLC
  • Date Issued:Jul 2, 2020
  • Rating Action:Provis.-New
  • Ratings:AAA (sf)
  • Trend:--
  • Rating Recovery:
  • Issued:US
  • Date Issued:Jul 2, 2020
  • Rating Action:Provis.-New
  • Ratings:A (sf)
  • Trend:--
  • Rating Recovery:
  • Issued:US
  • Date Issued:Jul 2, 2020
  • Rating Action:Provis.-New
  • Ratings:BBB (low) (sf)
  • Trend:--
  • Rating Recovery:
  • Issued:US
  • US = Lead Analyst based in USA
  • CA = Lead Analyst based in Canada
  • EU = Lead Analyst based in EU
  • UK = Lead Analyst based in UK
  • E = EU endorsed
  • U = UK endorsed
  • Unsolicited Participating With Access
  • Unsolicited Participating Without Access
  • Unsolicited Non-participating

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