Credit Rating Report

HERO Funding 2021-1: Rating Report

Property Assessed Clean Energy (PACE)

Summary

DBRS, Inc. (DBRS Morningstar) finalized its provisional ratings of AAA (sf) on the Class A Notes and BBB (sf) on the Class B Notes (Class B Notes; together with the Class A Notes, the Notes) issued by HERO Funding 2021-1 (the Transaction). The Transaction represents the 15th overall Rule 144A securitization completed for the Home Energy Renovation Opportunity (HERO) platform since 2014.

Ratings

  • US = Lead Analyst based in USA
  • CA = Lead Analyst based in Canada
  • EU = Lead Analyst based in EU
  • UK = Lead Analyst based in UK
  • E = EU endorsed
  • U = UK endorsed
  • Unsolicited Participating With Access
  • Unsolicited Participating Without Access
  • Unsolicited Non-participating

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