DBRS Confirms Ratings on Series RR 2014-1 Trust

DBRS, Inc. (DBRS) has today confirmed ratings on the following classes of Commercial Mortgage Pass-Through Certificates, Series RR issued by Series RR 2014-1 Trust. The trends are Stable.

-- Class A at A (sf)
-- Class B at BBB (sf)
-- Class AB at BBB (sf)
-- Class C at BBB (low) (sf)
-- Class AC at BBB (low) (sf)
-- Class D at BB (sf)
-- Class E at B (sf)

This transaction is a resecuritization collateralized by the beneficial interest in one CMBS pass-through certificate from one deal issued in 2014. The ratings are dependent on the performance of the underlying transaction.

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 North American CMBS Rating Methodology (March 2016) and CMBS North American Surveillance (December 2015), which can be found on our website under Methodologies.

For more information on this credit or on this industry, visit www.dbrs.com or contact us at info@dbrs.com.