Fortified Trust, Series 2021-1: Presale Report

DBRS Limited (DBRS Morningstar) assigned provisional ratings to the Real Estate Secured Line of Credit-Backed Notes, Series 2021-1 (the Notes) to be issued by Fortified Trust (the Trust) as follows:

-- AAA (sf) to the Real Estate Secured Line of Credit-Backed Class A Notes, Series 2021-1 (the Class A Notes),
-- AA (high) (sf) to the Real Estate Secured Line of Credit-Backed Class B Notes, 2021-1 (the Class B Notes) and
-- A (high) (sf) to the Real Estate Secured Line of Credit-Backed Class C Notes, 2021-1