Credit Rating Report

Morgan Stanley Capital I Trust 2018-L1: Rating Report

CMBS

Summary

DBRS, Inc. (DBRS) finalized its provisional ratings on 16 classes of Commercial Mortgage Pass-Through Certificates, Series 2018-L1 to be issued by Morgan Stanley Capital I Trust 2018-L1:

-- Class A-1 at AAA (sf)
-- Class A-2 at AAA (sf)
-- Class A-SB at AAA (sf)
-- Class A-3 at AAA (sf)
-- Class A-4 at AAA (sf)
-- Class X-A at AAA (sf)
-- Class X-B at AAA (sf)
-- Class A-S at AAA (sf)
-- Class B at AA (high) (sf)
-- Class C at A (sf)
-- Class X-D at BBB (sf)
-- Class D at BBB (high) (sf)
-- Class E at BBB (low) (sf)
-- Class F-RR at BB (high) (sf)
-- Class G-RR at BB (sf)
-- Class H-RR at B (sf)

All trends are Stable.

Ratings

  • Date IssuedDebt RatedRatingTrendActionAttributesi
    23-Oct-18Commercial Mortgage Pass-Through Certificates, Series 2018-L1, Class A-1AAA (sf)StbProvis.-Final
    US
    23-Oct-18Commercial Mortgage Pass-Through Certificates, Series 2018-L1, Class A-2AAA (sf)StbProvis.-Final
    US
    23-Oct-18Commercial Mortgage Pass-Through Certificates, Series 2018-L1, Class A-3AAA (sf)StbProvis.-Final
    US
    23-Oct-18Commercial Mortgage Pass-Through Certificates, Series 2018-L1, Class A-4AAA (sf)StbProvis.-Final
    US
    23-Oct-18Commercial Mortgage Pass-Through Certificates, Series 2018-L1, Class A-SAAA (sf)StbProvis.-Final
    US
    23-Oct-18Commercial Mortgage Pass-Through Certificates, Series 2018-L1, Class A-SBAAA (sf)StbProvis.-Final
    US
    23-Oct-18Commercial Mortgage Pass-Through Certificates, Series 2018-L1, Class X-AAAA (sf)StbProvis.-Final
    US
    23-Oct-18Commercial Mortgage Pass-Through Certificates, Series 2018-L1, Class X-BAAA (sf)StbProvis.-Final, Provis.-Upgraded
    US
    23-Oct-18Commercial Mortgage Pass-Through Certificates, Series 2018-L1, Class BAA (high) (sf)StbProvis.-Final
    US
    23-Oct-18Commercial Mortgage Pass-Through Certificates, Series 2018-L1, Class CA (sf)StbProvis.-Final
    US
    23-Oct-18Commercial Mortgage Pass-Through Certificates, Series 2018-L1, Class DBBB (high) (sf)StbProvis.-Final
    US
    23-Oct-18Commercial Mortgage Pass-Through Certificates, Series 2018-L1, Class X-DBBB (sf)StbProvis.-Final
    US
    23-Oct-18Commercial Mortgage Pass-Through Certificates, Series 2018-L1, Class EBBB (low) (sf)StbProvis.-Final
    US
    23-Oct-18Commercial Mortgage Pass-Through Certificates, Series 2018-L1, Class F-RRBB (high) (sf)StbProvis.-Final
    US
    23-Oct-18Commercial Mortgage Pass-Through Certificates, Series 2018-L1, Class G-RRBB (sf)StbProvis.-Final
    US
    23-Oct-18Commercial Mortgage Pass-Through Certificates, Series 2018-L1, Class H-RRB (sf)StbProvis.-Final
    US
    More
    Less
Morgan Stanley Capital I Trust 2018-L1
  • Date Issued:Oct 23, 2018
  • Rating Action:Provis.-Final
  • Ratings:AAA (sf)
  • Trend:Stb
  • Rating Recovery:
  • Issued:US
  • Date Issued:Oct 23, 2018
  • Rating Action:Provis.-Final
  • Ratings:AAA (sf)
  • Trend:Stb
  • Rating Recovery:
  • Issued:US
  • Date Issued:Oct 23, 2018
  • Rating Action:Provis.-Final
  • Ratings:AAA (sf)
  • Trend:Stb
  • Rating Recovery:
  • Issued:US
  • Date Issued:Oct 23, 2018
  • Rating Action:Provis.-Final
  • Ratings:AAA (sf)
  • Trend:Stb
  • Rating Recovery:
  • Issued:US
  • Date Issued:Oct 23, 2018
  • Rating Action:Provis.-Final
  • Ratings:AAA (sf)
  • Trend:Stb
  • Rating Recovery:
  • Issued:US
  • Date Issued:Oct 23, 2018
  • Rating Action:Provis.-Final
  • Ratings:AAA (sf)
  • Trend:Stb
  • Rating Recovery:
  • Issued:US
  • Date Issued:Oct 23, 2018
  • Rating Action:Provis.-Final
  • Ratings:AAA (sf)
  • Trend:Stb
  • Rating Recovery:
  • Issued:US
  • Date Issued:Oct 23, 2018
  • Rating Action:Provis.-Final, Provis.-Upgraded
  • Ratings:AAA (sf)
  • Trend:Stb
  • Rating Recovery:
  • Issued:US
  • Date Issued:Oct 23, 2018
  • Rating Action:Provis.-Final
  • Ratings:AA (high) (sf)
  • Trend:Stb
  • Rating Recovery:
  • Issued:US
  • Date Issued:Oct 23, 2018
  • Rating Action:Provis.-Final
  • Ratings:A (sf)
  • Trend:Stb
  • Rating Recovery:
  • Issued:US
  • Date Issued:Oct 23, 2018
  • Rating Action:Provis.-Final
  • Ratings:BBB (high) (sf)
  • Trend:Stb
  • Rating Recovery:
  • Issued:US
  • Date Issued:Oct 23, 2018
  • Rating Action:Provis.-Final
  • Ratings:BBB (sf)
  • Trend:Stb
  • Rating Recovery:
  • Issued:US
  • Date Issued:Oct 23, 2018
  • Rating Action:Provis.-Final
  • Ratings:BBB (low) (sf)
  • Trend:Stb
  • Rating Recovery:
  • Issued:US
  • Date Issued:Oct 23, 2018
  • Rating Action:Provis.-Final
  • Ratings:BB (high) (sf)
  • Trend:Stb
  • Rating Recovery:
  • Issued:US
  • Date Issued:Oct 23, 2018
  • Rating Action:Provis.-Final
  • Ratings:BB (sf)
  • Trend:Stb
  • Rating Recovery:
  • Issued:US
  • Date Issued:Oct 23, 2018
  • Rating Action:Provis.-Final
  • Ratings:B (sf)
  • Trend:Stb
  • Rating Recovery:
  • Issued:US
  • 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

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