Progress Residential 2021-SFR4 Trust: Presale Report

Summary

DBRS, Inc. (DBRS Morningstar) assigned provisional ratings to the following Single-Family Rental Pass-Through Certificates to be issued by Progress Residential 2021-SFR4 Trust:

-- $190.0 million Class A at AAA (sf)
-- $44.4 million Class B at AA (low) (sf)
-- $27.2 million Class C at A (low) (sf)
-- $29.6 million Class D at BBB (high) (sf)
-- $19.7 million Class E-1 at BBB (sf)
-- $17.3 million Class E-2 at BBB (low) (sf)
-- $66.6 million Class F at BB (low) (sf)
-- $29.6 million Class G at B (low) (sf)

Available Documents

Ratings

Date Issued	Debt Rated	Rating	Trend	Action	Attributesi
20-Apr-21	Single-Family Rental Pass-Through Certificate, Class A	AAA (sf)	--	Provis.-New	US
20-Apr-21	Single-Family Rental Pass-Through Certificate, Class B	AA (low) (sf)	--	Provis.-New	US
20-Apr-21	Single-Family Rental Pass-Through Certificate, Class C	A (low) (sf)	--	Provis.-New	US
20-Apr-21	Single-Family Rental Pass-Through Certificate, Class D	BBB (high) (sf)	--	Provis.-New	US
20-Apr-21	Single-Family Rental Pass-Through Certificate, Class E-1	BBB (sf)	--	Provis.-New	US
20-Apr-21	Single-Family Rental Pass-Through Certificate, Class E-2	BBB (low) (sf)	--	Provis.-New	US
20-Apr-21	Single-Family Rental Pass-Through Certificate, Class F	BB (low) (sf)	--	Provis.-New	US
20-Apr-21	Single-Family Rental Pass-Through Certificate, Class G	B (low) (sf)	--	Provis.-New	US

More

Progress Residential 2021-SFR4 Trust

Single-Family Rental Pass-Through Certificate, Class A

Date Issued:Apr 20, 2021
Rating Action:Provis.-New
Ratings:AAA (sf)
Trend:--
Rating Recovery:
Issued:US

Single-Family Rental Pass-Through Certificate, Class B

Date Issued:Apr 20, 2021
Rating Action:Provis.-New
Ratings:AA (low) (sf)
Trend:--
Rating Recovery:
Issued:US

Single-Family Rental Pass-Through Certificate, Class C

Date Issued:Apr 20, 2021
Rating Action:Provis.-New
Ratings:A (low) (sf)
Trend:--
Rating Recovery:
Issued:US

Single-Family Rental Pass-Through Certificate, Class D

Date Issued:Apr 20, 2021
Rating Action:Provis.-New
Ratings:BBB (high) (sf)
Trend:--
Rating Recovery:
Issued:US

Single-Family Rental Pass-Through Certificate, Class E-1

Date Issued:Apr 20, 2021
Rating Action:Provis.-New
Ratings:BBB (sf)
Trend:--
Rating Recovery:
Issued:US

Single-Family Rental Pass-Through Certificate, Class E-2

Date Issued:Apr 20, 2021
Rating Action:Provis.-New
Ratings:BBB (low) (sf)
Trend:--
Rating Recovery:
Issued:US

Single-Family Rental Pass-Through Certificate, Class F

Date Issued:Apr 20, 2021
Rating Action:Provis.-New
Ratings:BB (low) (sf)
Trend:--
Rating Recovery:
Issued:US

Single-Family Rental Pass-Through Certificate, Class G

Date Issued:Apr 20, 2021
Rating Action:Provis.-New
Ratings:B (low) (sf)
Trend:--
Rating Recovery:
Issued:US

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Progress Residential 2021-SFR4 Trust: Presale Report

Summary

Available Documents