ARM Master Trust, LLC, Series 2021-T1 & Series 2021-T2: Presale Report

DBRS, Inc. (DBRS Morningstar) assigned provisional ratings to the following classes of notes to be issued by ARM Master Trust, LLC:

-- $139,200,000 Fixed Rate Series 2021-T1 Agricultural Loan Backed Notes, Class A at A (sf)
-- $11,600,000 Fixed Rate Series 2021-T1 Agricultural Loan Backed Notes, Class B at BBB (sf)
-- $92,400,000 Fixed Rate Series 2021-T2 Agricultural Loan Backed Notes, Class A at A (sf)
-- $7,700,000 Fixed Rate Series 2021-T2 Agricultural Loan Backed Notes, Class B at BBB (sf)