Morningstar DBRS Releases Quarterly U.S. RMBS Credit Rating Action Summary for Q4 2024
RMBSMorningstar DBRS released its Quarterly U.S. Residential Mortgage-Backed Securities (RMBS) Credit Rating Action Summary report for Q4 2024.
The report provides an overview of Morningstar DBRS' credit rating actions, including the results of annual surveillance reviews in the most recent quarter, and new issuance credit rating actions on RMBS transactions aggregated from the start of the year through the end of the year. Also included are summaries of 10-year historical credit rating snapshots, as well as summaries of Q4 2024 credit rating activity by subsector, by legacy vs nonlegacy portfolio, and by transition type and size.
In Q4 2024, Morningstar DBRS took surveillance credit rating actions on 2,511 tranches across 287 U.S. RMBS transactions. The surveillance credit rating actions included the following:
-- Credit rating confirmations for 1,880 classes;
-- Credit rating upgrades for 541 classes;
-- No credit rating downgrades; and
-- Credit rating discontinuations for 102 classes.
Notes:
The report is available at https://dbrs.morningstar.com.
For more information on this industry, visit https://dbrs.morningstar.com/ or contact us at info-DBRS@morningstar.com.
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