Morningstar Credit Ratings Assigns Final Ratings to CSMC Series 2015-9R (CSMC 2015-9R)

03 Nov, 2015, 16:27 ET from Morningstar, Inc.

NEW YORK, Nov. 3, 2015 /PRNewswire/ -- Morningstar Credit Ratings, LLC today assigned final ratings to 46 classes of residential notes from CSMC Series 2015-9R, a resecuritization of previously issued residential mortgage-backed securities (RMBS). The final ratings are based on information known to Morningstar as of Nov. 3, 2015.


Final Ratings (as of Nov. 3, 2015)



Class

Balance ($)

Morningstar Final Rating

Class 1-A-1

9,300,000

NR

Class 1-A-2

9,300,000

NR

Class 1-A-3

11,160,000

NR

Class 1-A-4

7,440,000

NR

Class 1-A-5

13,020,000

NR

Class 1-A-6

5,580,000

NR

Class 1-A-7

14,880,000

NR

Class 1-A-8

3,720,000

NR

Class 1-A-9

7,440,000

BBB

Class 1-A-10

11,160,000

NR

Class 1-A-11

5,580,000

A

Class 1-A-12

13,020,000

NR

Class 1-A-13

3,720,000

AA

Class 1-A-14

14,880,000

NR

Class 1-A-15

3,720,000

AA

Class 1-A-16

1,860,000

A

Class 1-A-17

1,860,000

BBB

Class 1-A-18

1,860,000

NR

Class 1-A-19

1,860,000

NR

Class 1-A-20

1,860,000

NR

Class 1-A-21

1,860,000

NR

Class 1-A-22

3,720,000

NR

Class 2-A-1

15,814,000

NR

Class 2-A-2

23,721,648

NR

Class 2-A-3

19,767,000

NR

Class 2-A-4

19,768,648

NR

Class 2-A-5

23,721,000

NR

Class 2-A-6

15,814,648

NR

Class 2-A-7

27,674,000

NR

Class 2-A-8

11,861,648

NR

Class 2-A-9

11,860,000

BBB

Class 2-A-10

27,675,648

NR

Class 2-A-11

7,907,000

A

Class 2-A-12

31,628,648

NR

Class 2-A-13

7,907,000

A

Class 2-A-14

3,953,000

BBB

Class 2-A-15

3,954,000

NR

Class 2-A-16

3,953,000

NR

Class 2-A-17

3,954,000

NR

Class 2-A-18

3,953,000

NR

Class 2-A-19

3,954,000

NR

Class 2-A-20

7,907,648

NR

Class 3-A-1

49,948,000

BBB

Class 3-A-2

49,949,000

NR

Class 3-A-3

59,938,000

NR

Class 3-A-4

39,959,000

NR

Class 3-A-5

69,927,000

NR

Class 3-A-6

29,970,000

NR

Class 3-A-7

79,917,000

NR

Class 3-A-8

19,980,000

NR

Class 3-A-9

39,958,000

BBB

Class 3-A-10

59,939,000

NR

Class 3-A-11

29,969,000

A

Class 3-A-12

69,928,000

NR

Class 3-A-13

19,979,000

AA

Class 3-A-14

79,918,000

NR

Class 3-A-15

19,979,000

AA

Class 3-A-16

9,990,000

A

Class 3-A-17

9,989,000

BBB

Class 3-A-18

9,990,000

BBB

Class 3-A-19

9,990,000

NR

Class 3-A-20

9,989,000

NR

Class 3-A-21

9,990,000

NR

Class 3-A-22

19,980,000

NR

Class 4-A-1

14,190,000

BBB

Class 4-A-2

14,191,000

NR

Class 4-A-3

17,028,000

NR

Class 4-A-4

11,353,000

NR

Class 4-A-5

19,866,000

NR

Class 4-A-6

8,515,000

NR

Class 4-A-7

22,704,000

NR

Class 4-A-8

5,677,000

NR

Class 4-A-9

11,352,000

BBB

Class 4-A-10

17,029,000

NR

Class 4-A-11

8,514,000

BBB

Class 4-A-12

19,867,000

NR

Class 4-A-13

5,676,000

A

Class 4-A-14

22,705,000

NR

Class 4-A-15

5,676,000

A

Class 4-A-16

2,838,000

BBB

Class 4-A-17

2,838,000

BBB

Class 4-A-18

2,838,000

BBB

Class 4-A-19

2,838,000

NR

Class 4-A-20

2,838,000

NR

Class 4-A-21

2,838,000

NR

Class 4-A-22

5,677,000

NR

Class 11-A-1

103,359,000

AA

Class 11-A-2

84,567,000

NR

Class 11-A-3

122,151,000

A

Class 11-A-4

65,775,000

NR

Class 11-A-5

140,944,000

BBB

Class 11-A-6

46,982,000

NR

Class 11-A-7

84,566,000

AAA

Class 11-A-8

103,360,000

NR

Class 11-A-9

65,774,000

AAA

Class 11-A-10

122,152,000

NR

Class 11-A-11

46,981,000

AAA

Class 11-A-12

140,945,000

NR

Class 11-A-13

46,981,000

AAA

Class 11-A-14

18,793,000

AAA

Class 11-A-15

18,792,000

AAA

Class 11-A-16

18,793,000

AA

Class 11-A-17

18,792,000

A

Class 11-A-18

18,793,000

BBB

Class 11-A-19

46,982,000

NR

Class 12-A-1

64,730,000

BBB

Class 12-A-2

64,731,000

NR

Class 12-A-3

77,676,000

NR

Class 12-A-4

51,785,000

NR

Class 12-A-5

90,622,000

NR

Class 12-A-6

38,839,000

NR

Class 12-A-7

103,568,000

NR

Class 12-A-8

25,893,000

NR

Class 12-A-9

51,784,000

A

Class 12-A-10

77,677,000

NR

Class 12-A-11

38,838,000

AA

Class 12-A-12

90,623,000

NR

Class 12-A-13

25,892,000

AA

Class 12-A-14

103,569,000

NR

Class 12-A-15

25,892,000

AA

Class 12-A-16

12,946,000

AA

Class 12-A-17

12,946,000

A

Class 12-A-18

12,946,000

BBB

Class 12-A-19

12,946,000

NR

Class 12-A-20

12,946,000

NR

Class 12-A-21

12,946,000

NR

Class 12-A-22

25,893,000

NR

NR – Not Rated



The collateral backing the CSMC 2015-9R transaction consists of previously issued RMBS backed by fixed-rate, adjustable-rate, hybrid, subprime, Alt-A type, and conventional mortgage loans that are secured by first and second liens on one- to four-family residential properties. The ratings of the above notes reflect the credit enhancement provided by, as applicable, the issued senior-support notes or the super-senior/senior-support notes and the quality of the underlying assets.

Morningstar's Analysis Package, including the Ratings Bulletin; Rule 17g-7 Disclosures and Certification; and the Representations, Warranties, and Enforcement Mechanisms, is available under the RMBS tab in the Ratings Reports section at https://ratingagency.morningstar.com.

About Morningstar Credit Ratings, LLC and Morningstar, Inc.

Morningstar Credit Ratings, LLC is a Nationally Recognized Statistical Rating Organization (NRSRO) offering a wide array of services including new-issue ratings and analysis, operational risk assessments, surveillance services, data, and technology solutions.

Morningstar Credit Ratings, LLC is a subsidiary of Morningstar, Inc. (NASDAQ: MORN), a leading provider of independent investment research in North America, Europe, Australia, and Asia.

Morningstar, Inc. offers an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors. Morningstar provides data on more than 500,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 17 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries, with more than $170 billion in assets under advisement and management as of Sept. 30, 2015. The company has operations in 27 countries.

Morningstar, Inc. is not an NRSRO and does not issue NRSRO credit ratings.

©2015 Morningstar, Inc. All Rights Reserved.

MORN-R

Media Contact: Michelle Weiss, +1 267-960-6014 or michelle.weiss@morningstar.com

 

SOURCE Morningstar, Inc.



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