KBRA Releases Surveillance Report for South Street Securities Funding, LLC and South Street Securities, LLC

On March 13, 2026, KBRA affirmed the issuer and senior unsecured debt ratings of BBB- for South Street Securities Funding, LLC (“SSSF”) as well as affirmed the issuer rating of BBB and the short-term issuer rating of K2 for South Street Securities, LLC (“SSS”). SSS is an SEC-registered and member of FINRA broker-dealer domiciled in New York, NY, that offers collateralized finance services to various mortgage REITs, hedge funds, and other financial institutions, in addition to interest rate risk hedging solutions for numerous U.S. residential mortgage companies. SSS is a wholly owned subsidiary of SSSF, an intermediate holding company whose principal asset consist of its equity investment in SSS. The Outlook for all long-term ratings is Stable.

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