Finance of America Structured Securities Trust 2025-S1: Credit Rating 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
  20-Feb-25	Mortgage-Backed Notes, Series 2025-S1, Class A1	AAA (sf)	--	New Rating	US
  20-Feb-25	Mortgage-Backed Notes, Series 2025-S1, Class A1L	AAA (sf)	--	New Rating	US
  20-Feb-25	Mortgage-Backed Notes, Series 2025-S1, Class A2	AAA (sf)	--	New Rating	US
  20-Feb-25	Mortgage-Backed Notes, Series 2025-S1, Class A3	AAA (sf)	--	New Rating	US
  20-Feb-25	Mortgage-Backed Notes, Series 2025-S1, Class A5	AAA (sf)	--	New Rating	US
  20-Feb-25	Mortgage-Backed Notes, Series 2025-S1, Class A5L	AAA (sf)	--	New Rating	US
  20-Feb-25	Mortgage-Backed Notes, Series 2025-S1, Class A6	AAA (sf)	--	New Rating	US
  20-Feb-25	Mortgage-Backed Notes, Series 2025-S1, Class A6L	AAA (sf)	--	New Rating	US
  20-Feb-25	Mortgage-Backed Notes, Series 2025-S1, Class AV	AAA (sf)	--	New Rating	US
  20-Feb-25	Mortgage-Backed Notes, Series 2025-S1, Class A4	A (low) (sf)	--	New Rating	US
  20-Feb-25	Mortgage-Backed Notes, Series 2025-S1, Class A7	A (low) (sf)	--	New Rating	US

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