DBRS Morningstar Discontinues and Withdraws Provisional Ratings on Bellemeade Re 2020-1 Ltd.

DBRS, Inc. (DBRS Morningstar) discontinued and withdrew its provisional ratings on all Mortgage Insurance-Linked Notes, Series 2020-1 (the Notes) to be issued by Bellemeade Re 2020-1 Ltd. (BMIR 2020-1 or the Issuer). Aon Insurance Managers (Bermuda) Ltd. requested to withdraw the provisional ratings as this transaction is not expected to close in the immediate future.

Notes:
The principal methodology is RMBS Insight 1.3: U.S. Residential Mortgage-Backed Securities Model and Rating Methodology (April 1, 2020), which can be found on dbrsmorningstar.com under Methodologies & Criteria.

For more information regarding rating methodologies and Coronavirus Disease (COVID-19), please see the following DBRS Morningstar press release: https://www.dbrsmorningstar.com/research/357883.

For more information regarding structured finance rating methodologies and Coronavirus Disease (COVID-19), please see the following DBRS Morningstar press release: https://www.dbrsmorningstar.com/research/358308.

The rated entity or its related entities did participate in the rating process for this rating action. DBRS Morningstar had access to the accounts and other relevant internal documents of the rated entity or its related entities in connection with this rating action.

For more information on this credit or on this industry, visit www.dbrsmorningstar.com or contact us at info@dbrsmorningstar.com.

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