Real Estate Asset Liquidity Trust, Series 2016-1: Rating Report

Ratings

• Date Issued	Debt Rated	Rating	Trend	Action	Attributesi US = Lead Analyst based in USA CA = Lead Analyst based in Canada EU = Lead Analyst based in EU UK = Lead Analyst based in UK E = EU endorsed U = UK endorsed Unsolicited Participating With Access Unsolicited Participating Without Access Unsolicited Non-participating
  18-May-16	Commercial Mortgage Pass-Through Certificates, Series 2016-1, Class A-1	AAA (sf)	Stb	Provis.-Final	CA
  18-May-16	Commercial Mortgage Pass-Through Certificates, Series 2016-1, Class A-2	AAA (sf)	Stb	Provis.-Final	CA
  18-May-16	Commercial Mortgage Pass-Through Certificates, Series 2016-1, Class X	AAA (sf)	Stb	Provis.-Final	CA
  18-May-16	Commercial Mortgage Pass-Through Certificates, Series 2016-1, Class B	AA (sf)	Stb	Provis.-Final	CA
  18-May-16	Commercial Mortgage Pass-Through Certificates, Series 2016-1, Class C	A (sf)	Stb	Provis.-Final	CA
  18-May-16	Commercial Mortgage Pass-Through Certificates, Series 2016-1, Class D	BBB (sf)	Stb	Provis.-Final	CA
  18-May-16	Commercial Mortgage Pass-Through Certificates, Series 2016-1, Class E	BBB (low) (sf)	Stb	Provis.-Final	CA
  18-May-16	Commercial Mortgage Pass-Through Certificates, Series 2016-1, Class F	BB (sf)	Stb	Provis.-Final	CA
  18-May-16	Commercial Mortgage Pass-Through Certificates, Series 2016-1, Class G	B (sf)	Stb	Provis.-Final	CA

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