DBRS Morningstar Correction: European RMBS Transactions Under Review with Negative Implications Press Release

DBRS Ratings Limited and DBRS Ratings GmbH (together, DBRS Morningstar) rectified on 25 September 2020 the Under Review with Negative Implications status on the ratings of 11 tranches across five European residential mortgage-backed securities transactions. The ratings listed below were inadvertently listed as Under Review with Negative Implications in the press release rating table on 24 September 2020:

Dublin Bay Securities 2018-MA1 DAC
--Class A1 rated AAA (sf)
--Class A2A rated AAA (sf)
--Class A2B rated AAA (sf)
--Class B rated AA (sf)
--Class S rated AAA (sf)

European Residential Loan Securitisation 2019-PL1 DAC
--Class A rated AAA (sf)

Miravet 2019-1
--Class A rated AAA (sf)

Mulcair Securities DAC
--Class A rated AAA (sf)

Rochester Financing No.2 Plc
--Class A rated AAA (sf)
--Class B rated AA (high) (sf)
--Class C rated AA (low) (sf)

The rating actions for these bonds have now been amended on the DBRS Morningstar website.

An amendment note has been added to the press release published on 24 September 2020: https://www.dbrsmorningstar.com/research/367028/dbrs-morningstar-maintains-ratings-of-five-european-rmbs-transactions-under-review-with-negative-implications.

The rest of information and the rating actions listed in the body text of the press release were correct at the time of publication.

DBRS Ratings Limited
20 Fenchurch Street, 31st Floor,
London EC3M 3BY United Kingdom
Tel. +44 (0) 20 7855 6600
Registered and incorporated under the laws of England and Wales: Company No. 7139960

DBRS Ratings GmbH
Neue Mainzer Straße 75
60311 Frankfurt am Main Deutschland
Tel. +49 (69) 8088 3500
Geschäftsführer: Detlef Scholz
Amtsgericht Frankfurt am Main, HRB 110259

A description of how DBRS Morningstar analyses structured finance transactions and how the methodologies are collectively applied can be found at: http://www.dbrsmorningstar.com/research/278375.

For more information on these credits or on this industry, visit www.dbrsmorningstar.com or contact us at [email protected].