DBRS Assigns Ratings to A10 Permanent Asset Financing 2017-II, LLC

DBRS, Inc. (DBRS) has today assigned ratings of A (low) (sf) to the Class B Notes and BBB (low) (sf) to the Class Notes issued by A10 Permanent Asset Financing 2017-II, LLC.

DBRS used its static commercial mortgage-backed security methodology to construct a worst-case pool based on concentration limits and eligibility requirements as defined in the trust indenture as it relates to the minimum subordination requirements for each class to assign ratings to the Class B and Class C Notes. In addition, DBRS reviewed the loans contributed to the trust to date. The trust is expected to be fully funded within six months of the closing date, which was June 9, 2017. Additional notes, senior to the Class B and Class C Notes, are expected to be funded as more loans are sold into the trust.

The ratings assigned by DBRS contemplate timely payments of distributable interest and ultimate payment of principal by the legal final maturity in June 2051.

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

The principal methodology is the North American CMBS Multi-borrower Rating Methodology (March 2017), 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.