Credit Rating Report

BDS 2020-FL5 Ltd.: Surveillance Performance Update

CMBS

Summary

DBRS, Inc. (Morningstar DBRS) confirmed its ratings on all classes of notes issued by BDS 2020-FL5 Ltd. and discontinued the ratings on Classes A and AS after the bonds were paid in full with the February 2024 remittance.

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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