On Friday, DBRS released preliminary ratings for a Credit Suisse non-agency RMBS deal, CSMC Trust 2014-IVR1.

The deal is offering $267.7 million of ‘AAA’ rated notes.  The  $248 million ‘super-senior, class A-1 notes benefit from additional protection from the class A-2 notes.  The notes have a credit enhancement of 6.85%.

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