Gemgarto 2021-1 Plc: Presale Report

Summary

DBRS Ratings Limited (DBRS Morningstar) assigned provisional ratings to Gemgarto 2021-1 plc, which is a securitisation collateralised by a portfolio of owner-occupied residential mortgage loans granted by Kensington Mortgage Company Limited in England, Wales, and Scotland. For insight beyond the ratings, see the presale report.

Available Documents

Ratings

Date Issued	Debt Rated	Rating	Trend	Action	Attributesi
26-Jan-21	Class A	AAA (sf)	--	Provis.-New	UK E
26-Jan-21	Class B	AA (low) (sf)	--	Provis.-New	UK E
26-Jan-21	Class C	A (low) (sf)	--	Provis.-New	UK E
26-Jan-21	Class D	BBB (high) (sf)	--	Provis.-New	UK E
26-Jan-21	Class X	BB (low) (sf)	--	Provis.-New	UK E

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Gemgarto 2021-1 Plc

Class A

Date Issued:Jan 26, 2021
Rating Action:Provis.-New
Ratings:AAA (sf)
Trend:--
Rating Recovery:
Issued:UKE

Class B

Date Issued:Jan 26, 2021
Rating Action:Provis.-New
Ratings:AA (low) (sf)
Trend:--
Rating Recovery:
Issued:UKE

Class C

Date Issued:Jan 26, 2021
Rating Action:Provis.-New
Ratings:A (low) (sf)
Trend:--
Rating Recovery:
Issued:UKE

Class D

Date Issued:Jan 26, 2021
Rating Action:Provis.-New
Ratings:BBB (high) (sf)
Trend:--
Rating Recovery:
Issued:UKE

Class X

Date Issued:Jan 26, 2021
Rating Action:Provis.-New
Ratings:BB (low) (sf)
Trend:--
Rating Recovery:
Issued:UKE

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Gemgarto 2021-1 Plc: Presale Report

Summary

Available Documents