Bellemeade Re 2020-2 Ltd.: Rating Report

DBRS, Inc. (DBRS Morningstar) finalized its provisional ratings on the Mortgage Insurance-Linked Notes, Series 2020-2 issued by Bellemeade Re 2020-2 Ltd.:

-- $92.0 million Class M-1A at BBB (high) (sf)
-- $95.6 million Class M-1B at BBB (low) (sf)
-- $128.1 million Class M-1C at BB (low) (sf)
-- $89.8 million Class M-2 at B (sf)
-- $18.0 million Class B-1 at B (low) (sf)