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American Homes 4 Rent 2015-SFR1 -- Moody's upgrades Class C and Class D certificates issued by American Homes 4 Rent 2015-SFR1

Moody's Investors Service ("Moody's") has upgraded the ratings of Class C certificates and Class D certificates issued by American Homes 4 Rent 2015-SFR1. The certificates are backed by one loan secured by a pool of single family rental properties. The rating upgrades are primarily driven by a steady build-up in equity in the properties securing the loan in the transaction.