Credit Rating Report

Bancorp Commercial Mortgage 2018 CRE3 Trust: Surveillance Performance Update

CMBS

Summary

DBRS Limited (DBRS Morningstar) upgraded the following two classes of Commercial Mortgage Pass-Through Certificates issued by Bancorp Commercial Mortgage 2018 CRE3 Trust:

-- Class C to AAA (sf) from A (high) (sf)
-- Class D to BBB (high) (sf) from BBB (sf)

In addition, DBRS Morningstar confirmed the remaining classes as follows:

-- Class B at AAA (sf)
-- Class E at BB (low) (sf)
-- Class F at B (sf)

All trends are Stable.

Ratings

Bancorp Commercial Mortgage 2018 CRE3 Trust
  • Date Issued:Nov 8, 2021
  • Rating Action:Confirmed
  • Ratings:AAA (sf)
  • Trend:Stb
  • Rating Recovery:
  • Issued:CA
  • Date Issued:Nov 8, 2021
  • Rating Action:Upgraded
  • Ratings:AAA (sf)
  • Trend:Stb
  • Rating Recovery:
  • Issued:CA
  • Date Issued:Nov 8, 2021
  • Rating Action:Upgraded
  • Ratings:BBB (high) (sf)
  • Trend:Stb
  • Rating Recovery:
  • Issued:CA
  • Date Issued:Nov 8, 2021
  • Rating Action:Confirmed
  • Ratings:BB (low) (sf)
  • Trend:Stb
  • Rating Recovery:
  • Issued:CA
  • Date Issued:Nov 8, 2021
  • Rating Action:Confirmed
  • Ratings:B (sf)
  • Trend:Stb
  • 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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