FirstKey Homes 2020-SFR2 Trust: Rating Report
DBRS, Inc. (DBRS Morningstar) finalized its provisional ratings on the following Single-Family Rental Pass-Through Certificates to be issued by FirstKey Homes 2020-SFR2 Trust:-- $1.1 billion Class A at AAA (sf)
-- $173.6 million Class B at AA (high) (sf)
-- $125.0 million Class C at A (high) (sf)
-- $194.4 million Class D at BBB (high) (sf)
-- $270.8 million Class E at BBB (low) (sf)
-- $111.1 million Class F1 at BB (high) (sf)
-- $69.4 million Class F2 at BB (sf)
-- $69.4 million Class F3 at BB (low) (sf)
-- $55.5 million Class G1 at B (high) (sf)
-- $55.5 million Class G2 at B (high) (sf)
DBRS Morningstar is a global credit ratings business with 700 employees in eight offices globally. DBRS and Morningstar Credit Ratings are committed to empowering investor success, serving the market through leading-edge technology and raising the bar for the industry.
Together, we are the world’s fourth largest credit ratings agency and a market leader in Canada, the U.S. and Europe in multiple asset classes. We rate more than 2,600 issuers and 54,000 securities worldwide and are driven to bring more clarity, diversity and responsiveness to the ratings process. Our approach and size provide the agility to respond to customers’ needs, while being large enough to provide the necessary expertise and resources. For more details visit us at dbrs.com.
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