Progress Residential 2025-SFR1 Trust: Presale Report

Ratings

• Date Issued	Debt Rated	Rating	Trend	Action	Attributesi 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
  06-Jan-25	Single Family Rental Pass Through Certificates, Class A	(P) AAA (sf)	--	Provis.-New	US
  06-Jan-25	Single Family Rental Pass Through Certificates, Class B	(P) AA (sf)	--	Provis.-New	US
  06-Jan-25	Single Family Rental Pass Through Certificates, Class C	(P) A (low) (sf)	--	Provis.-New	US
  06-Jan-25	Single Family Rental Pass Through Certificates, Class D	(P) BBB (sf)	--	Provis.-New	US
  06-Jan-25	Single Family Rental Pass Through Certificates, Class E1	(P) BBB (sf)	--	Provis.-New	US
  06-Jan-25	Single Family Rental Pass Through Certificates, Class E2	(P) BBB (low) (sf)	--	Provis.-New	US
  06-Jan-25	Single Family Rental Pass Through Certificates, Class F1	(P) BB (sf)	--	Provis.-New	US
  06-Jan-25	Single Family Rental Pass Through Certificates, Class F2	(P) BB (low) (sf)	--	Provis.-New	US
  06-Jan-25	Single Family Rental Pass Through Certificates, Class G	(P) B (low) (sf)	--	Provis.-New	US

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