Rating Report

ARM Master Trust, LLC, Series 2021-T1 & Series 2021-T2: Rating Report

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Summary

DBRS, Inc. (DBRS Morningstar) finalized its provisional ratings on the following classes of notes issued by ARM Master Trust, LLC:

-- $103,846,000 Fixed Rate Series 2021-T1 Agricultural Loan Backed Notes, Class A at A (sf)
-- $8,654,000 Fixed Rate Series 2021-T1 Agricultural Loan Backed Notes, Class B at BBB (sf)
-- $103,846,000 Fixed Rate Series 2021-T2 Agricultural Loan Backed Notes, Class A at A (sf)
-- $8,654,000 Fixed Rate Series 2021-T2 Agricultural Loan Backed Notes, Class B at BBB (sf)

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