KBRA has issued preliminary ratings for Morgan Stanley’s 2025-SPL1 Trust, highlighting a significant focus on non-prime collateral within the $419 million RMBS transaction. This rating is crucial as it reflects the risk profile and credit quality of a substantial portion of the residential mortgage market.
NEW YORK–(BUSINESS WIRE)– #creditratingagency–KBRA assigns preliminary ratings to 5 classes of mortgage-backed certificates from Morgan Stanley Residential Mortgage Loan Trust 2025-SPL1 (MSRM 2025-SPL1). MSRM 2025-SPL1 is a seasoned RMBS transaction sponsored by Morgan Stanley Mortgage Capital Holdings LLC as seller/sponsor and includes a meaningful concentration of collateral that KBRA considers to be “non-prime.” The $419 million RMBS transaction is collateralized by a pool of 1,158 residential mortgages, with
Source: Original Press Release