KBRA Releases Rating Report for Private National Mortgage Acceptance Company, LLC

NEW YORK–(BUSINESS WIRE)–On February 20, 2018, Kroll Bond Rating Agency (KBRA) assigned an issuer rating of BB+ with a Stable Outlook to Private National Mortgage Acceptance Company, LLC (“PNMAC” or “the Company”), a residential mortgage originator and servicer based in Westlake Village, CA. PNMAC is a controlled subsidiary of PennyMac Financial Services, LLC (NYSE: PFSI) and the Investment Manager for PennyMac Mortgage Investment Trust (NYSE: PMT.) The assigned BB+ issuer rating reflects the