Credit Rating Report

Saluda Grade Alternative Mortgage Trust 2024-FIG5: Rating Report

RMBS

Summary

DBRS, Inc. (Morningstar DBRS) finalized its provisional credit ratings on Saluda Grade Alternative Mortgage Trust 2024-FIG5, a securitization of recently originated first- and junior-lien revolving home equity lines of credit funded by the issuance of asset-backed securities.

Ratings

Saluda Grade Alternative Mortgage Trust 2024-FIG5
  • Date Issued:Apr 12, 2024
  • Rating Action:Provis.-Final
  • Ratings:AAA (sf)
  • Trend:--
  • Rating Recovery:
  • Issued:US
  • Date Issued:Apr 12, 2024
  • Rating Action:Provis.-Final
  • Ratings:AA (low) (sf)
  • Trend:--
  • Rating Recovery:
  • Issued:US
  • Date Issued:Apr 12, 2024
  • Rating Action:Provis.-Final
  • Ratings:A (low) (sf)
  • Trend:--
  • Rating Recovery:
  • Issued:US
  • Date Issued:Apr 12, 2024
  • Rating Action:Provis.-Final
  • Ratings:BBB (low) (sf)
  • Trend:--
  • Rating Recovery:
  • Issued:US
  • Date Issued:Apr 12, 2024
  • Rating Action:Provis.-Final
  • Ratings:BB (low) (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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