Credit Rating Report

Retiro Mortgage Securities DAC: Rating Report

Nonperforming Loans

Summary

On 31 March 2021, DBRS Ratings GmbH (DBRS Morningstar) assigned ratings of A (sf), BBB (sf), BB (sf), and BB (low) (sf) to the Class A1, Class A2, Class B, and Class C notes issued by Retiro Mortgage Securities DAC. All trends are Negative. DBRS Morningstar does not rate the Class D or Class E notes.

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