Phoenix Funding 7 DAC: Rating Report
On 24 February 2021, DBRS Ratings GmbH (DBRS Morningstar) assigned ratings to the residential mortgage-backed floating-rate notes issued by Phoenix Funding 7 Designated Activity Company, a bankruptcy-remote special purpose vehicle incorporated in the Republic of Ireland. The proceeds of the notes and the Class Z loan funded the purchase of prime and performing residential mortgage loans secured by properties in Ireland. For insight beyond the ratings, see the rating report.
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