Finance Ireland RMBS No. 3 DAC: Presale Report
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Summary
On 9 June 2021, DBRS Ratings GmbH (DBRS Morningstar) assigned provisional ratings to the following residential mortgage-backed floating-rate notes to be issued by Finance Ireland RMBS No. 3 DAC:
-- Class A rated AAA (sf)
-- Class B rated AA (sf)
-- Class C rated A (sf)
-- Class D rated BBB (low) (sf)
-- Class E rated BB (sf)
-- Class F rated B (sf)
-- Class X rated B (sf)
DBRS Morningstar does not rate the Class Y and Class Z notes also expected to be issued in the transaction.