Phoenix Funding 7 DAC: Rating Report

Summary

On 24 February 2021, DBRS Ratings GmbH (DBRS Morningstar) assigned ratings to the residential mortgage-backed floating-rate notes issued by Phoenix Funding 7 Designated Activity Company, a bankruptcy-remote special purpose vehicle incorporated in the Republic of Ireland. The proceeds of the notes and the Class Z loan funded the purchase of prime and performing residential mortgage loans secured by properties in Ireland. For insight beyond the ratings, see the rating report.

Available Documents

Ratings

Date Issued	Debt Rated	Rating	Trend	Action	Attributesi
24-Feb-21	Class A1	AAA (sf)	--	New Rating	EU U
24-Feb-21	Class A2	AAA (sf)	--	New Rating	EU U

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Phoenix Funding 7 Designated Activity Company

Class A1

Date Issued:Feb 24, 2021
Rating Action:New Rating
Ratings:AAA (sf)
Trend:--
Rating Recovery:
Issued:EUU

Class A2

Date Issued:Feb 24, 2021
Rating Action:New Rating
Ratings:AAA (sf)
Trend:--
Rating Recovery:
Issued:EUU

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Phoenix Funding 7 DAC: Rating Report

Summary

Available Documents