Tricon Residential 2021-SFR1 Trust: Rating Report

DBRS, Inc. (DBRS Morningstar) finalized its provisional ratings on the following Single-Family Rental Pass-Through Certificates (the Certificates) issued by Tricon Residential 2021-SFR1 Trust (TCN 2021-SFR1 or the Issuer):

-- $315.6 million Class A at AAA (sf)
-- $78.4 million Class B at AA (high) (sf)
-- $42.2 million Class C at AA (low) (sf)
-- $52.3 million Class D at A (low) (sf)
-- $26.1 million Class E-1 at BBB (high) (sf)
-- $48.3 million Class E-2 at BBB (low) (sf)
-- $80.4 million Class F at BB (sf)
-- $40.2 million Class G at B (high) (sf)