Credit Rating Report

TRTX 2019-FL3 Issuer, Ltd.: Surveillance Performance Update

CMBS

Summary

On August 27, 2021, DBRS Limited (DBRS Morningstar) confirmed the ratings on all classes of notes with Stable trends. The rating confirmations reflect the overall stable performance of the transaction, which remains in line with DBRS Morningstar’s expectations.

Ratings

  • 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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