Press Release|RMBS
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KBRA Withdraws Ratings on 68 Classes from Seven RMBS Transactions

17 Oct 2024   |   New York

Contacts

KBRA withdraws its ratings from the classes shown below following the reduction of its respective principal or notional balances to zero. The related remittance report did not reflect any accumulated interest shortfalls or principal writedowns. KBRA’s ratings are updated as follows:

  • Connecticut Avenue Securities, Series 2017-C06 (CAS 2017-C06), Class 2B-I1, from 'AAA (sf)' to 'WR (sf)'
  • Connecticut Avenue Securities, Series 2017-C06 (CAS 2017-C06), Class 2B-I2, from 'AAA (sf)' to 'WR (sf)'
  • Connecticut Avenue Securities, Series 2017-C06 (CAS 2017-C06), Class 2B-I3, from 'AAA (sf)' to 'WR (sf)'
  • Connecticut Avenue Securities, Series 2017-C06 (CAS 2017-C06), Class 2B-I4, from 'AAA (sf)' to 'WR (sf)'
  • Connecticut Avenue Securities, Series 2017-C06 (CAS 2017-C06), Class 2E-B1, from 'AAA (sf)' to 'WR (sf)'
  • Connecticut Avenue Securities, Series 2017-C06 (CAS 2017-C06), Class 2E-B2, from 'AAA (sf)' to 'WR (sf)'
  • Connecticut Avenue Securities, Series 2017-C06 (CAS 2017-C06), Class 2E-B3, from 'AAA (sf)' to 'WR (sf)'
  • Connecticut Avenue Securities, Series 2017-C06 (CAS 2017-C06), Class 2E-B4, from 'AAA (sf)' to 'WR (sf)'
  • Connecticut Avenue Securities, Series 2017-C06 (CAS 2017-C06), Class 2E-D1, from 'AAA (sf)' to 'WR (sf)'
  • Connecticut Avenue Securities, Series 2017-C06 (CAS 2017-C06) Class 2E-D2, from 'AAA (sf)' to 'WR (sf)'
  • Connecticut Avenue Securities, Series 2017-C06 (CAS 2017-C06), Class 2E-D3, from 'AAA (sf)' to 'WR (sf)'
  • Connecticut Avenue Securities, Series 2017-C06 (CAS 2017-C06), Class 2E-D4, from 'AAA (sf)' to 'WR (sf)'
  • Connecticut Avenue Securities, Series 2017-C06 (CAS 2017-C06), Class 2E-D5, from 'AAA (sf)' to 'WR (sf)'
  • Connecticut Avenue Securities, Series 2017-C06 (CAS 2017-C06), Class 2M-2B, from 'AAA (sf)' to 'WR (sf)'
  • Connecticut Avenue Securities, Series 2017-C06 (CAS 2017-C06), Class 2-X1, from 'AAA (sf)' to 'WR (sf)'
  • Connecticut Avenue Securities, Series 2017-C06 (CAS 2017-C06), Class 2-X2, from 'AAA (sf)' to 'WR (sf)'
  • Connecticut Avenue Securities, Series 2017-C06 (CAS 2017-C06), Class 2-X3, from 'AAA (sf)' to 'WR (sf)'
  • Connecticut Avenue Securities, Series 2017-C06 (CAS 2017-C06), Class 2-X4, from 'AAA (sf)' to 'WR (sf)'
  • Connecticut Avenue Securities, Series 2017-C07 (CAS 2017-C07), Class 2B-I1, from 'AAA (sf)' to 'WR (sf)'
  • Connecticut Avenue Securities, Series 2017-C07 (CAS 2017-C07), Class 2B-I2, from 'AAA (sf)' to 'WR (sf)'
  • Connecticut Avenue Securities, Series 2017-C07 (CAS 2017-C07), Class 2B-I3, from 'AAA (sf)' to 'WR (sf)'
  • Connecticut Avenue Securities, Series 2017-C07 (CAS 2017-C07), Class 2B-I4, from 'AAA (sf)' to 'WR (sf)'
  • Connecticut Avenue Securities, Series 2017-C07 (CAS 2017-C07), Class 2E-B1, from 'AAA (sf)' to 'WR (sf)'
  • Connecticut Avenue Securities, Series 2017-C07 (CAS 2017-C07), Class 2E-B2, from 'AAA (sf)' to 'WR (sf)'
  • Connecticut Avenue Securities, Series 2017-C07 (CAS 2017-C07), Class 2E-B3, from 'AAA (sf)' to 'WR (sf)'
  • Connecticut Avenue Securities, Series 2017-C07 (CAS 2017-C07), Class 2E-B4, from 'AAA (sf)' to 'WR (sf)'
  • Connecticut Avenue Securities, Series 2017-C07 (CAS 2017-C07), Class 2E-D1, from 'AAA (sf)' to 'WR (sf)'
  • Connecticut Avenue Securities, Series 2017-C07 (CAS 2017-C07), Class 2E-D2, from 'AAA (sf)' to 'WR (sf)'
  • Connecticut Avenue Securities, Series 2017-C07 (CAS 2017-C07), Class 2E-D3, from 'AAA (sf)' to 'WR (sf)'
  • Connecticut Avenue Securities, Series 2017-C07 (CAS 2017-C07), Class 2E-D4, from 'AAA (sf)' to 'WR (sf)'
  • Connecticut Avenue Securities, Series 2017-C07 (CAS 2017-C07), Class 2E-D5, from 'AAA (sf)' to 'WR (sf)'
  • Connecticut Avenue Securities, Series 2017-C07 (CAS 2017-C07), Class 2M-2B, from 'AAA (sf)' to 'WR (sf)'
  • Connecticut Avenue Securities, Series 2017-C07 (CAS 2017-C07), Class 2-X1, from 'AAA (sf)' to 'WR (sf)'
  • Connecticut Avenue Securities, Series 2017-C07 (CAS 2017-C07), Class 2-X2, from 'AAA (sf)' to 'WR (sf)'
  • Connecticut Avenue Securities, Series 2017-C07 (CAS 2017-C07), Class 2-X3, from 'AAA (sf)' to 'WR (sf)'
  • Connecticut Avenue Securities, Series 2017-C07 (CAS 2017-C07), Class 2-X4, from 'AAA (sf)' to 'WR (sf)'
  • Connecticut Avenue Securities, Series 2018-C02 (CAS 2018-C02), Class 2B-I1, from 'AAA (sf)' to 'WR (sf)'
  • Connecticut Avenue Securities, Series 2018-C02 (CAS 2018-C02), Class 2B-I2, from 'AAA (sf)' to 'WR (sf)'
  • Connecticut Avenue Securities, Series 2018-C02 (CAS 2018-C02), Class 2B-I3, from 'AAA (sf)' to 'WR (sf)'
  • Connecticut Avenue Securities, Series 2018-C02 (CAS 2018-C02), Class 2B-I4, from 'AAA (sf)' to 'WR (sf)'
  • Connecticut Avenue Securities, Series 2018-C02 (CAS 2018-C02), Class 2E-B1, from 'AAA (sf)' to 'WR (sf)'
  • Connecticut Avenue Securities, Series 2018-C02 (CAS 2018-C02), Class 2E-B2, from 'AAA (sf)' to 'WR (sf)'
  • Connecticut Avenue Securities, Series 2018-C02 (CAS 2018-C02), Class 2E-B3, from 'AAA (sf)' to 'WR (sf)'
  • Connecticut Avenue Securities, Series 2018-C02 (CAS 2018-C02), Class 2E-B4, from 'AAA (sf)' to 'WR (sf)'
  • Connecticut Avenue Securities, Series 2018-C02 (CAS 2018-C02), Class 2E-D1, from 'AAA (sf)' to 'WR (sf)'
  • Connecticut Avenue Securities, Series 2018-C02 (CAS 2018-C02), Class 2E-D2, from 'AAA (sf)' to 'WR (sf)'
  • Connecticut Avenue Securities, Series 2018-C02 (CAS 2018-C02), Class 2E-D3, from 'AAA (sf)' to 'WR (sf)'
  • Connecticut Avenue Securities, Series 2018-C02 (CAS 2018-C02), Class 2E-D4, from 'AAA (sf)' to 'WR (sf)'
  • Connecticut Avenue Securities, Series 2018-C02 (CAS 2018-C02), Class 2E-D5, from 'AAA (sf)' to 'WR (sf)'
  • Connecticut Avenue Securities, Series 2018-C02 (CAS 2018-C02), Class 2M-2B, from 'AAA (sf)' to 'WR (sf)'
  • Connecticut Avenue Securities, Series 2018-C02 (CAS 2018-C02), Class 2-X1, from 'AAA (sf)' to 'WR (sf)'
  • Connecticut Avenue Securities, Series 2018-C02 (CAS 2018-C02), Class 2-X2, from 'AAA (sf)' to 'WR (sf)'
  • Connecticut Avenue Securities, Series 2018-C02 (CAS 2018-C02), Class 2-X3, from 'AAA (sf)' to 'WR (sf)'
  • Connecticut Avenue Securities, Series 2018-C02 (CAS 2018-C02), Class 2-X4, from 'AAA (sf)' to 'WR (sf)'
  • CFMT 2021-EBO1, LLC ASSET-BACKED NOTES, SERIES 2021-1 (CFMT 2021-EBO1), Class A, from 'AAA (sf)' to 'WR (sf)'
  • FWD Securitization Trust 2020-INV1 (FWD 2020-INV1), Class A-1, from 'AAA (sf)' to 'WR (sf)'
  • FWD Securitization Trust 2020-INV1 (FWD 2020-INV1), Class A-2, from 'AAA (sf)' to 'WR (sf)'
  • FWD Securitization Trust 2020-INV1 (FWD 2020-INV1), Class A-3, from 'AAA (sf)' to 'WR (sf)'
  • FWD Securitization Trust 2020-INV1 (FWD 2020-INV1), Class B-1, from 'A- (sf)' to 'WR (sf)'
  • FWD Securitization Trust 2020-INV1 (FWD 2020-INV1), Class B-2, from 'BB+ (sf)' to 'WR (sf)'
  • FWD Securitization Trust 2020-INV1 (FWD 2020-INV1), Class M-1, from 'AA- (sf)' to 'WR (sf)'
  • OBX 2018-EXP1 Trust, Class 2-A-1, from 'AAA (sf)' to 'WR (sf)'
  • OBX 2018-EXP1 Trust, Class 2-A-1B, from 'AAA (sf)' to 'WR (sf)'
  • OBX 2018-EXP1 Trust, Class 2-A-2, from 'AAA (sf)' to 'WR (sf)'
  • OBX 2018-EXP1 Trust, Class 2-A-3, from 'AAA (sf)' to 'WR (sf)'
  • OBX 2018-EXP1 Trust, Class 2-A-IO, from 'AAA (sf)' to 'WR (sf)'
  • STACR 2016-DNA4, Class M-3, from 'AAA (sf)' to 'WR (sf)'
  • STACR 2016-DNA4, Class M-3B, from 'AAA (sf)' to 'WR (sf)'

To access ratings and relevant documents, click deal names below:

Related Publications

Methodologies

Disclosures

A description of all substantially material sources that were used to prepare the credit rating and information on the methodology(ies) (inclusive of any material models and sensitivity analyses of the relevant key rating assumptions, as applicable) used in determining the credit rating is available in the Information Disclosure Form(s) located here.

Information on the meaning of each rating category can be located here.

Further disclosures relating to this rating action are available in the Information Disclosure Form(s) referenced above. Additional information regarding KBRA policies, methodologies, rating scales and disclosures are available at www.kbra.com.

About KBRA

Kroll Bond Rating Agency, LLC (KBRA) is a full-service credit rating agency registered with the U.S. Securities and Exchange Commission as an NRSRO. Kroll Bond Rating Agency Europe Limited is registered as a CRA with the European Securities and Markets Authority. Kroll Bond Rating Agency UK Limited is registered as a CRA with the UK Financial Conduct Authority. In addition, KBRA is designated as a designated rating organization by the Ontario Securities Commission for issuers of asset-backed securities to file a short form prospectus or shelf prospectus. KBRA is also recognized by the National Association of Insurance Commissioners as a Credit Rating Provider.

Doc ID: 1006370

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