Rating Report

M360 2019-CRE2, Ltd.: Surveillance Performance Update

CMBS

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Summary

DBRS, Inc. (DBRS Morningstar) confirmed its ratings on the following classes of floating-rate notes issued by M360 2019-CRE2, Ltd.:

-- Class A Senior Secured Floating Rate Notes at AAA (sf)
-- Class A-S Second Priority Secured Floating Rate Notes at AAA (sf)
-- Class B Third Priority Secured Floating Rate Notes at AA (low) (sf)
-- Class C Fourth Priority Secured Floating Rate Notes at A (low) (sf)
-- Class D Fifth Priority Secured Floating Rate Notes at BBB (high) (sf)
-- Class E Sixth Priority Secured Floating Rate Notes at BBB (low) (sf)
-- Class F Non-Offered Floating Rate Notes at BB (low) (sf)
-- Class G Non-Offered Floating Rate Notes at B (low) (sf)

The trends for Classes A, A-S, B, C, D, and E were changed to Stable from Negative, while Classes F and G still have Negative trends.

Available Documents