Kroll Bond Rating Agency (KBRA), Fitch Ratings and Moody’s Investors Service assigned preliminary ratings of ‘AAA’/’AAA’/’Aaa’ respectively to $371.62 million of class A notes to be issued under Redwood Trust’s tenth RMBS deal of this year.

But only Fitch and Kroll will rate the subordinate notes. The structure offers $10.2 million of ‘AA’/'AA' notes; $6.8 million of ‘A’/‘A’ notes; $4.6 million of ‘BBB’/‘BBB’ notes; and $3.2 million of ‘BB’/BB’.

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