Together Asset Backed Securitisation 2021-CRE1 Plc: Presale Report

On 19 February 2021, DBRS Ratings Limited (DBRS Morningstar) assigned provisional ratings to classes of notes to be issued by Together Asset Backed Securitisation 2021-CRE1 Plc, the first public securitisation issuance backed by small balance commercial mortgage loans originated by Together Commercial Financial Services Limited. The portfolio of loans comprises first- and second-lien mortgage loans, secured by commercial, mixed-use, and residential properties located in the United Kingdom. For insight beyond the ratings, see the presale report.