Benchmark 2021-B25 Mortgage Trust Amazon Seattle Loan-Specific Certificates: Presale Report

Ratings

• Date Issued	Debt Rated	Rating	Trend	Action	Attributesi 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
  12-Apr-21	Class 300P-A	AA (low) (sf)	Stb	Provis.-New	US
  12-Apr-21	Class 300P-B	A (low) (sf)	Stb	Provis.-New	US
  12-Apr-21	Class 300P-C	BBB (low) (sf)	Stb	Provis.-New	US
  12-Apr-21	Class 300P-D	BB (low) (sf)	Stb	Provis.-New	US
  12-Apr-21	Class 300P-E	B (high) (sf)	Stb	Provis.-New	US
  12-Apr-21	Class 300P-RR	B (high) (sf)	Stb	Provis.-New	US

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