DBRS Confirms Ratings on Series RR 2014-1 Trust

DBRS Limited (DBRS) has today confirmed the ratings on all classes of Commercial Mortgage Pass-Through Certificates, Series RR issued by Series RR 2014-1 Trust as follows:

-- 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)

All trends are Stable.

This transaction is a resecuritization collateralized by the beneficial interest in one commercial mortgage-backed security pass-through certificate from a 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.

The related regulatory disclosures pursuant to the National Instrument 25-101 Designated Rating Organizations are hereby incorporated by reference and can be found by clicking on the link to the right under Related Research or by contacting us at info@dbrs.com.

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

The principal methodologies are North American CMBS Rating Methodology (January 2017) and CMBS North American Surveillance (December 2016), which can be found on dbrs.com under Methodologies.

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