Report
Corina Gonzalez ...
  • Natalie Triana
  • Quincy Tang
  • Stephanie Whited

Towd Point Mortgage Trust 2019-4: Rating Report

DBRS, Inc. (DBRS Morningstar) finalized its provisional ratings on the Asset-Backed Securities, Series 2019-4 (the Notes) issued by Towd Point Mortgage Trust 2019-4 (the Trust or the Issuer) as follows:

-- $2.4 billion Class A1 at AAA (sf)
-- $247.4 million Class A2 at AAA (sf)
-- $285.9 million Class M1 at A (high) (sf)
-- $176.0 million Class M2 at BBB (high) (sf)
-- $66.0 million Class B1 at BB (high) (sf)
-- $104.5 million Class B2 at B (high) (sf)
-- $128.3 million Class B3 at B (sf)
-- $247.4 million Class A2A at AAA (sf)
-- $247.4 million Class A2AX at AAA (sf)
-- $247.4 million Class A2B at AAA (sf)
-- $247.4 million Class A2BX at AAA (sf)
-- $285.9 million Class M1A at A (high) (sf)
-- $285.9 million Class M1AX at A (high) (sf)
-- $285.9 million Class M1B at A (high) (sf)
-- $285.9 million Class M1BX at A (high) (sf)
-- $176.0 million Class M2A at BBB (high) (sf)
-- $176.0 million Class M2AX at BBB (high) (sf)
-- $176.0 million Class M2B at BBB (high) (sf)
-- $176.0 million Class M2BX at BBB (high) (sf)
-- $66.0 million Class B1A at BB (high) (sf)
-- $66.0 million Class B1AX at BB (high) (sf)
-- $66.0 million Class B1B at BB (high) (sf)
-- $66.0 million Class B1BX at BB (high) (sf)
-- $2.6 billion Class A3 at AAA (sf)
-- $2.9 billion Class A4 at A (high) (sf)
-- $3.1 billion Class A5 at BBB (high) (sf)
Provider
DBRS Morningstar
DBRS Morningstar

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.

Analysts
Corina Gonzalez

Natalie Triana

Quincy Tang

Stephanie Whited

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