Bunker Hill Loan Depositary Trust 2020-1: Rating Report

DBRS, Inc. (DBRS Morningstar) finalized its provisional ratings on the following Mortgage-Backed Notes, Series 2020-1 to be issued by Bunker Hill Loan Depositary Trust 2020-1:

-- $135.2 million Class A-1 at AAA (sf)
-- $9.3 million Class A-2 at AA (sf)
-- $12.5 million Class A-3 at A (low) (sf)
-- $10.5 million Class M-1 at BBB (sf)
-- $7.2 million Class B-1 at BB (sf)
-- $6.0 million Class B-2 at B (sf)