KBRA Assigns Preliminary Ratings to RCKT Mortgage Trust 2024-CES1 (RCKT 2024-CES1)

NEW YORK ~ New York-based credit rating agency KBRA has assigned preliminary ratings to 16 classes of mortgage-backed notes from RCKT Mortgage Trust 2024-CES1 (RCKT 2024-CES1), a $369.9 million RMBS transaction sponsored by Woodward Capital Management LLC, a wholly owned affiliate of Rocket Mortgage, LLC.

The transaction, which consists entirely of closed-end second lien mortgages (CES; 100.0%), was originated solely by Rocket Mortgage, LLC. The underlying pool is characterized by fully amortizing, fixed-rate mortgages (FRMs) with 10-year (5.2%) and 20-year (94.8%) terms.

Investors can access the ratings and relevant documents for RCKT 2024-CES1 by clicking here. The full report can also be viewed here.

KBRA has also released a tear sheet for RCKT 2024-CES1 and its RMBS KBRA Comparative Analytic Tool (KCAT). The agency utilized its U.S. RMBS Rating Methodology, Global Structured Finance Counterparty Methodology, and ESG Global Rating Methodology in determining the ratings for this transaction.

More on EntSun News

• "Leading From Day One: The Essential Guide for New Supervisors" Draws from 25+ Years of International Management Experience
• New Slotozilla Project Explores What Happens When the World Goes Silent
• Valhallan Esports Training Wekiva Springs Celebrates One-Year Anniversary with Open House Event
• Sunja Danette Joins Dear Black Woman Media Family with Stage Play Overcomer
• The Two Faces of Charles D. Braun: How the Novel, Posthumously Yours, Came to Life

In accordance with its policies, KBRA has provided further information on key credit considerations and sensitivity analyses that could affect these credit ratings and lead to an upgrade or downgrade. Additionally, the agency has disclosed any ESG factors that may have influenced the change in credit rating or outlook.

A detailed description of all material sources used in preparing the credit rating and information on the methodology(ies) used can be found in the Information Disclosure Form(s) located here.

For more information on the meaning of each rating category, please refer to this guide. Further disclosures related to this rating action can also be found in the Information Disclosure Form(s) referenced above.

Interested parties can find additional information on KBRA's policies, methodologies, rating scales, and disclosures at www.kbra.com.

---

Show All News | Report Violation