DBRS Confirms Rating for Selkirk No. 2 - Limited

DBRS, Inc. (DBRS) has today confirmed the rating of the following class of Selkirk No. 2 Trust Commercial Pass-Through Certificate (the Certificate) issued by Selkirk No. 2 - Limited. The trend is Stable.

-- Class A at AAA (sf)

The underlying collateral consists of 35 seasoned, fixed-rate loans with an aggregate balance of $401.0 million. Since the deal closed in December 2013, five loans have prepaid from the trust. In addition to these prepayments, scheduled amortization on the remaining loans has contributed to a total collateral reduction of 11.4% as of the November 2014 remittance. There are no delinquent or specially serviced loans, and there are no loans on the servicer’s watchlist.

DBRS continues to monitor this deal on a monthly basis. For more information on this rating action, please contact us info@dbrs.com.

Notes:
All figures are in U.S. dollars unless otherwise noted.

This rating is endorsed by DBRS Ratings Limited for use in the European Union.

The applicable methodologies are CMBS Rating Methodology and CMBS North American Surveillance Methodology, which can be found on our website under Methodologies.