Connecticut Avenue Securities, Series 2021-R01: Rating Report

DBRS, Inc. (DBRS Morningstar) finalized the following provisional ratings on the Connecticut Avenue Securities (CAS), Series 2021-R01 Notes (the Notes) issued by Connecticut Avenue Securities Trust 2021-R01 (CAS 2021-R01):

-- $274.7 million Class 1M-1 at BBB (high) (sf)
-- $80.1 million Class 1M-2A at BBB (sf)
-- $80.1 million Class 1M-2B at BBB (sf)
-- $80.1 million Class 1M-2C at BBB (sf)
-- $240.4 million Class 1M-2 at BBB (sf)
-- $188.9 million Class 1B-1A at BB (high) (sf)
-- $188.9 million Class 1B-1B at BB (sf)
-- $377.8 million Class 1B-1 at BB (sf)
-- $80.1 million Class 1E-A1 at BBB (sf)
-- $80.1 million Class 1A-I1 at BBB (sf)
-- $80.1 million Class 1E-A2 at BBB (sf)
-- $80.1 million Class 1A-I2 at BBB (sf)
-- $80.1 million Class 1E-A3 at BBB (sf)
-- $80.1 million Class 1A-I3 at BBB (sf)
-- $80.1 million Class 1E-A4 at BBB (sf)
-- $80.1 million Class 1A-I4 at BBB (sf)
-- $80.1 million Class 1E-B1 at BBB (sf)
-- $80.1 million Class 1B-I1 at BBB (sf)
-- $80.1 million Class 1E-B2 at BBB (sf)
-- $80.1 million Class 1B-I2 at BBB (sf)
-- $80.1 million Class 1E-B3 at BBB (sf)
-- $80.1 million Class 1B-I3 at BBB (sf)
-- $80.1 million Class 1E-B4 at BBB (sf)
-- $80.1 million Class 1B-I4 at BBB (sf)
-- $80.1 million Class 1E-C1 at BBB (sf)
-- $80.1 million Class 1C-I1 at BBB (sf)
-- $80.1 million Class 1E-C2 at BBB (sf)
-- $80.1 million Class 1C-I2 at BBB (sf)
-- $80.1 million Class 1E-C3 at BBB (sf)
-- $80.1 million Class 1C-I3 at BBB (sf)
-- $80.1 million Class 1E-C4 at BBB (sf)
-- $80.1 million Class 1C-I4 at BBB (sf)
-- $160.3 million Class 1E-D1 at BBB (sf)
-- $160.3 million Class 1E-D2 at BBB (sf)
-- $160.3 million Class 1E-D3 at BBB (sf)
-- $160.3 million Class 1E-D4 at BBB (sf)
-- $160.3 million Class 1E-D5 at BBB (sf)
-- $160.3 million Class 1E-F1 at BBB (sf)
-- $160.3 million Class 1E-F2 at BBB (sf)
-- $160.3 million Class 1E-F3 at BBB (sf)
-- $160.3 million Class 1E-F4 at BBB (sf)
-- $160.3 million Class 1E-F5 at BBB (sf)
-- $160.3 million Class 1-X1 at BBB (sf)
-- $160.3 million Class 1-X2 at BBB (sf)
-- $160.3 million Class 1-X3 at BBB (sf)
-- $160.3 million Class 1-X4 at BBB (sf)
-- $160.3 million Class 1-Y1 at BBB (sf)
-- $160.3 million Class 1-Y2 at BBB (sf)
-- $160.3 million Class 1-Y3 at BBB (sf)
-- $160.3 million Class 1-Y4 at BBB (sf)
-- $80.1 million Class 1-J1 at BBB (sf)
-- $80.1 million Class 1-J2 at BBB (sf)
-- $80.1 million Class 1-J3 at BBB (sf)
-- $80.1 million Class 1-J4 at BBB (sf)
-- $160.3 million Class 1-K1 at BBB (sf)
-- $160.3 million Class 1-K2 at BBB (sf)
-- $160.3 million Class 1-K3 at BBB (sf)
-- $160.3 million Class 1-K4 at BBB (sf)
-- $240.4 million Class 1M-2Y at BBB (sf)
-- $240.4 million Class 1M-2X at BBB (sf)
-- $377.8 million Class 1B-1Y at BB (sf)
-- $377.8 million Class 1B-1X at BB (sf)