KBRA Withdraws Ratings from Inaugural SFR Securitization

NEW YORK–(BUSINESS WIRE)–Kroll Bond Rating Agency (KBRA) withdrew its ratings for six classes of Invitation Homes 2013-SFR1 (IH 2013-SFR1) single-family rental (SFR) pass-through certificates with an aggregate outstanding principal balance of $462.0 million. The transaction was the first US securitization collateralized by a loan secured by SFR homes managed by a large-scale institutional sponsor. It effectively launched the sector, and to date 29 KBRA-rated single-borrower deals totaling $16