Visio 2020-1 Trust: Rating Report
DBRS, Inc. (DBRS Morningstar) finalized its provisional ratings on Visio 2020-1 Trust (Visio 2020-1 or the Issuer), a securitization of a portfolio of fixed- and adjustable-rate, expanded prime and nonprime first-lien residential mortgages funded by the issuance of the Mortgage Pass-Through Notes, Series 2020-1 (the Notes). This transaction marks the sixth securitization from Residential Credit Opportunities II, LLC backed entirely by loans originated to investors under debt service coverage ratio (DSCR) programs. The Notes are backed by 813 mortgage loans with a total principal balance of $159,851,845 as of the Cut-Off Date (June 30, 2020).
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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