Presale

PRMI Securitization Trust 2023-CMG1: Presale Report

RMBS

Summary

DBRS, Inc. (DBRS Morningstar) assigned provisional credit ratings to PRMI Securitization Trust 2023-CMG1 (PRMI 2023-CMG1 or the Trust), a securitization of a portfolio of newly originated, performing, adjustable-rate, fully amortizing, interest-only (IO), open-ended, revolving first-lien line of credit (LOC) loans funded by the issuance of mortgage-backed notes (the Notes). The Notes are backed by 772 LOC loans with a total unpaid principal balance (UPB) of $322,086,941 and a total current credit limit of $405,817,136 as of the Cut-Off Date1 (September 30, 2023).

Ratings

PRMI Securitization Trust 2023-CMG1
  • Date Issued:Nov 8, 2023
  • Rating Action:Provis.-New
  • Ratings:AAA (sf)
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  • Rating Recovery:
  • Issued:US
  • Date Issued:Nov 8, 2023
  • Rating Action:Provis.-New
  • Ratings:AA (sf)
  • Trend:--
  • Rating Recovery:
  • Issued:US
  • Date Issued:Nov 8, 2023
  • Rating Action:Provis.-New
  • Ratings:A (sf)
  • Trend:--
  • Rating Recovery:
  • Issued:US
  • Date Issued:Nov 8, 2023
  • Rating Action:Provis.-New
  • Ratings:BBB (sf)
  • Trend:--
  • Rating Recovery:
  • Issued:US
  • Date Issued:Nov 8, 2023
  • Rating Action:Provis.-New
  • Ratings:BB (sf)
  • Trend:--
  • Rating Recovery:
  • Issued:US
  • Date Issued:Nov 8, 2023
  • Rating Action:Provis.-New
  • Ratings:B (sf)
  • Trend:--
  • Rating Recovery:
  • Issued:US
  • US = Lead Analyst based in USA
  • CA = Lead Analyst based in Canada
  • EU = Lead Analyst based in EU
  • UK = Lead Analyst based in UK
  • E = EU endorsed
  • U = UK endorsed
  • Unsolicited Participating With Access
  • Unsolicited Participating Without Access
  • Unsolicited Non-participating

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