Credit Rating Report

AREIT 2019-CRE3 Trust: Rating Report

CMBS

Summary

On August 13, 2021, DBRS Morningstar confirmed its ratings on all classes of notes with Stable trends, with the exception of Classes E and F, which have Negative trends. The rating confirmations reflect the overall performance of the transaction, which has remained in line with DBRS Morningstar’s expectations

Ratings

AREIT 2019-CRE3 Trust
  • Date Issued:Aug 13, 2021
  • Rating Action:Confirmed
  • Ratings:AAA (sf)
  • Trend:Stb
  • Rating Recovery:
  • Issued:CA
  • Date Issued:Aug 13, 2021
  • Rating Action:Confirmed
  • Ratings:AAA (sf)
  • Trend:Stb
  • Rating Recovery:
  • Issued:CA
  • Date Issued:Aug 13, 2021
  • Rating Action:Confirmed
  • Ratings:AA (low) (sf)
  • Trend:Stb
  • Rating Recovery:
  • Issued:CA
  • Date Issued:Aug 13, 2021
  • Rating Action:Confirmed
  • Ratings:A (low) (sf)
  • Trend:Stb
  • Rating Recovery:
  • Issued:CA
  • Date Issued:Aug 13, 2021
  • Rating Action:Confirmed
  • Ratings:BBB (low) (sf)
  • Trend:Stb
  • Rating Recovery:
  • Issued:CA
  • Date Issued:Aug 13, 2021
  • Rating Action:Confirmed
  • Ratings:BB (low) (sf)
  • Trend:Neg
  • Rating Recovery:
  • Issued:CA
  • Date Issued:Aug 13, 2021
  • Rating Action:Confirmed
  • Ratings:B (low) (sf)
  • Trend:Neg
  • Rating Recovery:
  • Issued:CA
  • 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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