Nationstar HECM Loan Trust 2020-1: Rating Report
DBRS, Inc. (DBRS Morningstar) finalized its provisional ratings on the following Asset-Backed Notes, Series 2020-1 issued by Nationstar HECM Loan Trust 2020-1:-- $408.1 million Class A at AAA (sf)
-- $34.9 million Class M1 at AA (sf)
-- $33.8 million Class M2 at A (sf)
-- $23.9 million Class M3 at BBB (sf)
-- $15.6 million Class M4 at BB (high) (sf)
-- $2.6 million Class M5 at BB (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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