Press Release|RMBS
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KBRA Withdraws Ratings on Three Classes from Two RMBS Transactions

27 Aug 2025   |   New York

Contacts

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

  • Finance of America Structured Securities Trust JR2, Series 2021-JR1 (FASST 2021-JR1), Class A1, from 'AAA (sf)' to 'WR (sf)'
  • Finance of America Structured Securities Trust JR2, Series 2021-JR1 (FASST 2021-JR1), Class A2, from 'AA (sf)' to 'WR (sf)'
  • Finance of America Structured Securities Trust, Series 2022-S1 (FASST 2022-S1), Class A1, from 'AAA (sf)' to 'WR (sf)'

To access ratings and relevant documents click deal names below:

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), one of the major credit rating agencies (CRA), is a full-service CRA 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 (DRO) by the Ontario Securities Commission for issuers of asset-backed securities to file a short form prospectus or shelf prospectus. KBRA is also recognized as a Qualified Rating Agency by Taiwan’s Financial Supervisory Commission and is recognized by the National Association of Insurance Commissioners as a Credit Rating Provider (CRP) in the U.S.

Doc ID: 1011009