New Residential Mortgage Loan Trust 2023-1: Rating Report

DBRS, Inc. (DBRS Morningstar) finalized its provisional ratings on New Residential Mortgage Loan Trust 2023-1, a securitization of a portfolio of newly originated and seasoned, performing and reperforming, first- and second-lien residential mortgages, funded by the issuance of mortgage-backed notes. In addition, DBRS Morningstar assigned new ratings to the Class B-5A and Class B-5B notes, which were issued in place of the Class B-5 notes. DBRS Morningstar has discontinued its provisional rating on the Class B-5 notes.