Credit Rating Report

KKR Industrial Portfolio Trust 2021-KDIP: Rating Report

CMBS

Summary

On June 17, 2021, DBRS Morningstar updated the KKR Industrial Portfolio Trust 2021-KDIP rating report to clarify that the original loan-to-value (LTV) figures in the Capital Structure table were based on Issuer Value/Appraised Value. For additional transparency and comparison, we have added a column for the DBRS Morningstar corresponding LTV, which is consistent with the DBRS Morningstar Value and DBRS Morningstar LTV concluded in its analysis of the transaction and that which was disclosed in the rating report and press release. The analysis and ratings have not changed as a result of this clarification.

DBRS, Inc. (DBRS Morningstar) finalized its provisional ratings on the following classes of Commercial Mortgage Pass-Through Certificates, Series 2021-KDIP issued by KKR Industrial Portfolio Trust 2021-KDIP:

-- Class A at AAA (sf)
-- Class B at AA (high) (sf)
-- Class C at AA (low) (sf)
-- Class D at A (low) (sf)
-- Class E at BBB (low) (sf)
-- Class F at BB (low) (sf)
-- Class G at B (low) (sf)

Ratings

  • Date IssuedDebt RatedRatingTrendActionAttributesi
    28-Jan-21Commercial Mortgage Pass-Through Certificates, Series 2021-KDIP, Class AAAA (sf)StbProvis.-Final
    US
    28-Jan-21Commercial Mortgage Pass-Through Certificates, Series 2021-KDIP, Class BAA (high) (sf)StbProvis.-Final
    US
    28-Jan-21Commercial Mortgage Pass-Through Certificates, Series 2021-KDIP, Class CAA (low) (sf)StbProvis.-Final
    US
    28-Jan-21Commercial Mortgage Pass-Through Certificates, Series 2021-KDIP, Class DA (low) (sf)StbProvis.-Final
    US
    28-Jan-21Commercial Mortgage Pass-Through Certificates, Series 2021-KDIP, Class EBBB (low) (sf)StbProvis.-Final
    US
    28-Jan-21Commercial Mortgage Pass-Through Certificates, Series 2021-KDIP, Class FBB (low) (sf)StbProvis.-Final
    US
    28-Jan-21Commercial Mortgage Pass-Through Certificates, Series 2021-KDIP, Class GB (low) (sf)StbProvis.-Final
    US
    28-Jan-21Commercial Mortgage Pass-Through Certificates, Series 2021-KDIP, Class X-CPDiscontinued--Disc.-W/drwn
    US
    28-Jan-21Commercial Mortgage Pass-Through Certificates, Series 2021-KDIP, Class X-EXTDiscontinued--Disc.-W/drwn
    US
    28-Jan-21Commercial Mortgage Pass-Through Certificates, Series 2021-KDIP, Class X-FPDiscontinued--Disc.-W/drwn
    US
    More
    Less
KKR Industrial Portfolio Trust 2021-KDIP
  • 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

Enjoying our exclusive insights?

Register for a free account to get unrestricted access to our in-depth research, presale and ratings reports, and more. Access is limited for unregistered users.

Related Documents

Issuers

Contacts

More from Morningstar DBRS

Related Events

All Events