CRA confirmed the rating of the bearer bonds of Round Hill Real Estate Partners Securitization S.à r.l., Comp. 1 (XS1880313314) to BBB- and updated the outlook to stable. The bonds securitize Class A LP shares of Round Hill Real Estate Partners SCSp - US Residential Income and Growth (USRIG). USRIGs investment focus are equity investments in multi-family real estate in the United States of America.
The primary key rating driver were the updated base case assumptions, based on latest portfolio metrics and the effect of an increased rate of amortization adjustment.