Methodology
North American CMBS Multi-Borrower Rating Methodology
CMBSAvailable Documents
Related Documents
Press Release:
- Morningstar DBRS Downgrades Eight Classes of BANK 2019-BNK16
- Morningstar DBRS Confirms Credit Ratings on BDS 2021-FL7 Ltd.
- Morningstar DBRS Confirms All Credit Ratings of BANK 2017-BNK5
- Morningstar DBRS Confirms Credit Ratings on MF1 2021-FL6, Ltd.
- Morningstar DBRS Confirms Credit Ratings on MF1 2021-FL7, Ltd.
- Morningstar DBRS Changes Trends to Negative for WFRBS 2014-LC14
- Morningstar DBRS Confirms All Credit Ratings of BANK 2019-BNK21
- Morningstar DBRS Confirms All Credit Ratings of BANK 2019-BNK22
- Morningstar DBRS Confirms All Credit Ratings of BANK 2022-BNK39
- Morningstar DBRS Confirms All Credit Ratings on BANK 2021-BNK32
- Morningstar DBRS Confirms Credit Ratings on BPCRE 2022-FL2, Ltd.
- Morningstar DBRS Confirms All Credit Ratings on BDS 2022-FL12 LLC
- Morningstar DBRS Confirms All Credit Ratings on MF1 2023-FL12 LLC
- Morningstar DBRS Confirms Credit of COMM 2013-CCRE10 Mortgage Trust
- Morningstar DBRS Confirms All Credit Ratings on ACREC 2021-FL1, Ltd.
- Morningstar DBRS Confirms All Credit Ratings on GSF 2022-1 Issuer LLC
- Morningstar DBRS Confirms Credit Ratings on All Classes of GSF 2021-1
- Morningstar DBRS Assigns Provisional Credit Ratings to BANK5 2024-5YR7
- Morningstar DBRS Assigns Provisional Credit Ratings to BANK5 2024-5YR8
- Morningstar DBRS Confirms Credit Ratings on TRTX 2022-FL5 Issuer, Ltd.
- Morningstar DBRS Assigns Provisional Credit Ratings to BANK5 2024-5YR10
- Morningstar DBRS Assigns Provisional Credit Ratings to BANK5 2024-5YR11
- Morningstar DBRS Downgrades Five Classes of DBGS 2018-C1 Mortgage Trust
- Morningstar DBRS Assigns Credit Ratings to BMD2 RE-REMIC Trust 2019-FRR1
- Morningstar DBRS Assigns Provisional Credit Ratings to MF1 2024-FL15 LLC
- Morningstar DBRS Assigns Provisional Credit Ratings to MF1 2024-FL16 LLC
- Morningstar DBRS Confirms All Credit Ratings of H.I.G. RCP 2023-FL1, LLC
- Morningstar DBRS Downgrades Four Classes of DBJPM 2017-C6 Mortgage Trust
- Morningstar DBRS Finalizes Provisional Credit Ratings on BANK5 2024-5YR8
- Morningstar DBRS Finalizes Provisional Credit Ratings on BANK5 2024-5YR10
- Morningstar DBRS Finalizes Provisional Credit Ratings on BANK5 2024-5YR11
- Morningstar DBRS Confirms All Credit Ratings of HGI CRE CLO 2021-FL1, LTD.
- Morningstar DBRS Confirms Credit Ratings on All Classes of BANK 2018-BNK10
- Morningstar DBRS Confirms Credit Ratings on All Classes of BANK 2018-BNK14
- Morningstar DBRS Confirms Credit Ratings on All Classes of BANK 2019-BNK24
- Morningstar DBRS Confirms Credit Ratings on All Classes of BANK 2020-BNK29
- Morningstar DBRS Confirms Credit Ratings on All Classes of BANK 2020-BNK30
- Morningstar DBRS Confirms Credit Ratings on All Classes of BANK 2021-BNK35
- Morningstar DBRS Confirms Credit Ratings on All Classes of BANK 2022-BNK41
- Morningstar DBRS Confirms Credit Ratings on All Classes of GSMS 2013-GCJ14
- Morningstar DBRS Confirms Credit Ratings on All Classes of MF1 2022-B1 LLC
- Morningstar DBRS Confirms Credit Ratings on FS Rialto 2022-FL4 Issuer, LLC
- Morningstar DBRS Confirms Credit Ratings on LoanCore 2021-CRE5 Issuer Ltd.
- Morningstar DBRS Downgrades Two Classes of COMM 2014-CCRE18 Mortgage Trust
- Morningstar DBRS Finalizes Provisional Credit Ratings on BANK5 2024-5YR7
- Morningstar DBRS Finalizes Provisional Credit Ratings on MF1 2024-FL15 LLC
- Morningstar DBRS Finalizes Provisional Credit Ratings on MF1 2024-FL16 LLC
- Morningstar DBRS Confirms All Credit Ratings on BSPRT 2021-FL6 Issuer, Ltd.
- Morningstar DBRS Confirms All Credit Ratings on BSPRT 2022-FL8 Issuer, Ltd.
- Morningstar DBRS Confirms Credit Ratings on All Classes of BDS 2022-FL11 LLC
- Morningstar DBRS Upgrades Credit Ratings on Two Classes of BDS 2021-FL8 Ltd.
- Morningstar DBRS Confirms Credit Ratings on All Classes of ACREC 2023-FL2 LLC
- Morningstar DBRS Confirms Credit Ratings on All Classes of BDS 2021-FL10 Ltd.
- Morningstar DBRS Confirms Credit Ratings on All Classes of HFX Funding 2017-1
- Morningstar DBRS Confirms Credit Ratings on All Classes of KREF 2022-FL3 Ltd.
- Morningstar DBRS Confirms Credit Ratings on All Classes of MF1 2021-FL5, Ltd.
- Morningstar DBRS Downgrades Credit Rating on One Class of GPMT 2021-FL4, Ltd.
- Morningstar DBRS Confirms Credit Ratings on All Classes of AREIT 2022-CRE7 LLC
- Morningstar DBRS Confirms Credit Ratings on All Classes of LCCM 2021-FL3 Trust
- Morningstar DBRS Publishes Updated Commercial Real Estate Methodologies
- Morningstar DBRS Confirms Credit Ratings on All Classes of AREIT 2022-CRE6 Ltd.
- Morningstar DBRS Confirms Credit Ratings on All Classes of BSPRT 2021-FL7, Ltd.
- Morningstar DBRS Discontinues Credit Rating on One Class of STWD 2022-FL3, Ltd.
- Morningstar DBRS Downgrades One Class of MSC Mortgage Securities Trust, 2012-C4
- Morningstar DBRS Confirms All Credit Ratings of FS Rialto 2021-FL3 Issuer, Ltd.
- Morningstar DBRS Confirms All Credit Ratings of Benchmark 2018-B4 Mortgage Trust
- Morningstar DBRS Changes Trends on Three Classes of COMM 2014-LC17 Mortgage Trust
- Morningstar DBRS Confirms Credit Ratings on Shelter Growth CRE 2021-FL3 Issuer Ltd
- Morningstar DBRS Assigns Provisional Credit Ratings to BAMLL Re-REMIC Trust 2024-FRR3
- Morningstar DBRS Assigns Provisional Credit Ratings to BAMLL Re-REMIC Trust 2024-FRR4
- Morningstar DBRS Confirms All Credit Ratings of Hamlet Securitization Trust 2020-CRE1
- Morningstar DBRS Confirms All Credit Ratings of Key Commercial Mortgage Trust 2019-S2
- Morningstar DBRS Confirms Credit Ratings on All Classes of BSPRT 2022-FL9 Issuer, LLC
- Morningstar DBRS Confirms Credit Ratings on All Classes of HGI CRE CLO 2021-FL2, Ltd.
- Morningstar DBRS Discontinues Credit Ratings on All Classes of Series RR 2014-1 Trust
- Morningstar DBRS Downgrades Credit Ratings on Two Classes of VMC Finance 2021-FL4 LLC
- Morningstar DBRS Confirms Credit Ratings on All Classes of BSPDF 2021-FL1 Issuer, Ltd.
- Morningstar DBRS Downgrades Credit Ratings on WFRBS Commercial Mortgage Trust 2012-C10
- Morningstar DBRS Confirms All Credit Ratings of CFCRE Commercial Mortgage Trust 2016-C6
- Morningstar DBRS Confirms All Credit Ratings of CSAIL 2015-C4 Commercial Mortgage Trust
- Morningstar DBRS Confirms All Credit Ratings of Morgan Stanley Capital I Trust 2017-HR2
- Morningstar DBRS Confirms All Credit Ratings on Shelter Growth CRE 2023-FL5 Issuer Ltd.
- Morningstar DBRS Confirms All Credit Ratings on WFRBS Commercial Mortgage Trust 2012-C9
- Morningstar DBRS Downgrades Credit Ratings on 11 Classes of CD 2017-CD4 Mortgage Trust
- Morningstar DBRS Finalizes Provisional Credit Ratings on BAMLL Re-REMIC Trust 2024-FRR3
- Morningstar DBRS Finalizes Provisional Credit Ratings on BAMLL Re-REMIC Trust 2024-FRR4
- Morningstar DBRS Confirms All Credit Ratings of Morgan Stanley Capital I Trust 2015-UBS8
- Morningstar DBRS Confirms Credit Ratings on All Classes of BBCMS Mortgage Trust 2022-C16
- Morningstar DBRS Changes Trends on Six Classes of BANK 2020-BNK26 to Negative From Stable
- Morningstar DBRS Confirms Credit Ratings on All Classes of COMM 2013-CCRE8 Mortgage Trust
- Morningstar DBRS Confirms Credit Ratings on All Classes of Loancore 2022-CRE7 Issuer Ltd.
- Morningstar DBRS Confirms Credit Ratings on Citigroup Commercial Mortgage Trust 2021-KEYS
- Morningstar DBRS Downgrades Credit Ratings on Six Classes of BBCMS Mortgage Trust 2017-C1
- Morningstar DBRS Confirms All Credit Ratings of CSAIL 2018-CX12 Commercial Mortgage Trust
- Morningstar DBRS Discontinues Credit Ratings on All Remaining Classes of BDS 2020-FL5 Ltd.
- Morningstar DBRS Discontinues Credit Ratings on All Remaining Classes of BDS 2021-FL8 Ltd.
- Morningstar DBRS Downgrades Credit Ratings on Six Classes of COMM 2014-UBS3 Mortgage Trust
- Morningstar DBRS Downgrades Seven Classes of Citigroup Commercial Mortgage Trust 2015-GC31
- Morningstar DBRS Downgrades Three Classes of Citigroup Commercial Mortgage Trust 2015-GC27
- Morningstar DBRS Downgrades Four Classes of Wells Fargo Commercial Mortgage Trust 2016-C36
- Morningstar DBRS Downgrades Three Classes of Wells Fargo Commercial Mortgage Trust 2016-C34
- Morningstar DBRS Downgrades and Then Discontinues Eight Credit Ratings on Four Transactions
- Morningstar DBRS Confirms Credit Ratings on All Classes of Benchmark 2021-B23 Mortgage Trust
- Morningstar DBRS Confirms Credit Ratings on Real Estate Asset Liquidity Trust, Series 2014-1
- Morningstar DBRS Discontinues Credit Ratings on All Remaining Classes of CLNC 2019-FL1, Ltd.
- Morningstar DBRS Downgrades Credit Ratings on Seven Classes of COMM 2014-UBS4 Mortgage Trust
- Morningstar DBRS Confirms All Credit Ratings on Citigroup Commercial Mortgage Trust 2019-C7
- Morningstar DBRS Changes Trends on Two Classes of BRSP 2021-FL1, Ltd. to Negative from Stable
- Morningstar DBRS Confirms All Credit Ratings on ACRES Commercial Realty 2021-FL2 Issuer, Ltd.
- Morningstar DBRS Confirms Remaining Credit Rating of WFRBS Commercial Mortgage Trust 2013-C18
- Morningstar DBRS Discontinues Credit Ratings on All Classes of FS Rialto 2022-FL6 Issuer, LLC
- Morningstar DBRS Downgrades Credit Ratings on Three Classes of COMM 2013-CCRE7 Mortgage Trust
- Morningstar DBRS Confirms All Credit Ratings of Ready Capital Mortgage Financing 2021-FL7, LLC
- Morningstar DBRS Confirms All Credit Ratings of Wells Fargo Commercial Mortgage Trust 2016-C32
- Morningstar DBRS Confirms All Credit Ratings of Wells Fargo Commercial Mortgage Trust 2017-RC1
- Morningstar DBRS Confirms All Credit Ratings of Wells Fargo Commercial Mortgage Trust 2019-C49
- Morningstar DBRS Confirms All Credit Ratings on Ready Capital Mortgage Financing 2021-FL6, LLC
- Morningstar DBRS Confirms All Credit Ratings on Wells Fargo Commercial Mortgage Trust 2018-C43
- Morningstar DBRS Confirms All Credit Ratings on Wells Fargo Commercial Mortgage Trust 2019-C53
- Morningstar DBRS Confirms All Credit Ratings on MCAP CMBS Issuer Corporation, Series 2014-1
- Morningstar DBRS Confirms Credit Ratings on All Classes of CMLS Issuer Corp., Series 2014-1
- Morningstar DBRS Assigns Provisional Credit Ratings to Morgan Stanley Capital I Trust 2024-NSTB
- Morningstar DBRS Confirms All Credit Ratings on Wells Fargo Commercial Mortgage Trust 2015-NXS3
- Morningstar DBRS Discontinues Credit Ratings on All Remaining Classes of AREIT 2019-CRE3 Trust
- Morningstar DBRS Confirms All Credit Ratings on All Classes of Benchmark 2022-B36 Mortgage Trust
- Morningstar DBRS Downgrades Eight Classes of JPMBB Commercial Mortgage Securities Trust 2015-C31
- Morningstar DBRS Takes Rating Actions on Eight Small-Balance Commercial Real Estate Transactions
- Morningstar DBRS Confirms Credit Ratings on All Classes of A10 Bridge Asset Financing 2021-D, LLC
- Morningstar DBRS Confirms Credit Ratings on All Classes of LSTAR Commercial Mortgage Trust 2015-3
- Morningstar DBRS Downgrades Credit Ratings on Two Classes of A10 Revolving Asset Financing I, LLC
- Morningstar DBRS Finalized Provisional Credit Ratings on Morgan Stanley Capital I Trust 2024-NSTB
- Morningstar DBRS Changes Trends on Two Classes of VMC Finance 2022-FL5 LLC to Negative from Stable
- Morningstar DBRS Confirms Credit Ratings on All Classes of CSAIL 2015-C3 Commercial Mortgage Trust
- Morningstar DBRS Confirms Credit Ratings on All Classes of CSAIL 2016-C7 Commercial Mortgage Trust
- Morningstar DBRS Confirms Credit Ratings on All Classes of Morgan Stanley Capital I Trust 2020-HR8
- Morningstar DBRS Downgrades and Discontinues Credit Ratings on Two Classes Across Two Transactions
- Morningstar DBRS Assigns Provisional Credit Ratings to FREMF 2024-K164 Mortgage Trust, Series K-164
- Morningstar DBRS Assigns Provisional Credit Ratings to FREMF 2024-K166 Mortgage Trust, Series K-166
- Morningstar DBRS Confirms Credit Ratings on All Classes of CSAIL 2019-C16 Commercial Mortgage Trust
- Morningstar DBRS Downgrades Credit Ratings on Two Classes of Morgan Stanley Capital I Trust 2018-H3
- Morningstar DBRS Confirms All Credit Ratings of Real Estate Asset Liquidity Trust, Series 2015-1
- Morningstar DBRS Confirms All Credit Ratings on Real Estate Asset Liquidity Trust, Series 2016-2
- Morningstar DBRS Confirms All Credit Ratings on Real Estate Asset Liquidity Trust, Series 2020-1
- Morningstar DBRS Assigns Provisional Credit Ratings to Velocity Commercial Capital Loan Trust 2024-2
- Morningstar DBRS Assigns Provisional Credit Ratings to Velocity Commercial Capital Loan Trust 2024-4
- Morningstar DBRS Assigns Provisional Credit Ratings to Velocity Commercial Capital Loan Trust 2024-5
- Morningstar DBRS Confirms All Credit Ratings on Arbor Multifamily Mortgage Securities Trust 2021-MF3
- Morningstar DBRS Downgrades Credit Rating on One Class of COMM 2014-CCRE20 Commercial Mortgage Trust
- Morningstar DBRS Changes Trends on Remaining Classes of Citigroup Commercial Mortgage Trust 2014-GC19
- Morningstar DBRS Confirms All Credit Ratings on Arbor Multifamily Mortgage Securities Trust 2021-MF2
- Morningstar DBRS Confirms Credit Ratings on All Classes of Shelter Growth CRE 2022-FL4 Issuer Limited
- Morningstar DBRS Downgrades Credit Ratings on Eight Classes of Morgan Stanley Capital I Trust 2017-H1
- Morningstar DBRS Downgrades Credit Ratings on Eight Classes of Morgan Stanley Capital I Trust 2019-L2
- Morningstar DBRS Downgrades Credit Ratings on Three Classes of LSTAR Commercial Mortgage Trust 2016-4
- Morningstar DBRS Finalizes Provisional Credit Ratings on FREMF 2024-K166 Mortgage Trust, Series K-166
- Morningstar DBRS Confirms Credit Ratings on All Classes of Citigroup Commercial Mortgage Trust 2017-B1
- Morningstar DBRS Downgrades One Class of JP Morgan Chase Commercial Mortgage Securities Trust 2013-C16
- Morningstar DBRS Finalizes Provisional Credit Ratings on Velocity Commercial Capital Loan Trust 2024-2
- Morningstar DBRS Finalizes Provisional Credit Ratings on Velocity Commercial Capital Loan Trust 2024-3
- Morningstar DBRS Finalizes Provisional Credit Ratings on Velocity Commercial Capital Loan Trust 2024-4
- Morningstar DBRS Finalizes Provisional Credit Ratings on Velocity Commercial Capital Loan Trust 2024-5
- Morningstar DBRS Assigns Provisional Credit Ratings to FREMF 2024-K163 Mortgage Trust, Series 2024-K163
- Morningstar DBRS Confirms All Credit Ratings of Arbor Realty Commercial Real Estate Notes 2022-FL2, LLC
- Morningstar DBRS Confirms Credit Ratings on Morgan Stanley Bank of America Merrill Lynch Trust 2013-C11
- Morningstar DBRS Downgrades Credit Rating on One Class of Ready Capital Mortgage Financing 2022-FL8, LLC
- Morningstar DBRS Downgrades Credit Rating on One Class of Ready Capital Mortgage Financing 2022-FL9, LLC
- Morningstar DBRS Downgrades Three Classes of Morgan Stanley Bank of America Merrill Lynch Trust 2016-C28
- Morningstar DBRS Confirms Credit Ratings on All Classes of Wells Fargo Commercial Mortgage Trust 2015-C30
- Morningstar DBRS Confirms Credit Ratings on All Classes of Wells Fargo Commercial Mortgage Trust 2016-C37
- Morningstar DBRS Confirms Credit Ratings on All Classes of Wells Fargo Commercial Mortgage Trust 2021-C60
- Morningstar DBRS Finalizes Provisional Credit Ratings on FREMF 2024-K163 Mortgage Trust, Series 2024-K163
- Morningstar DBRS Downgrades Credit Ratings on Nine Classes of Benchmark 2019-B11 Commercial Mortgage Trust
- Morningstar DBRS Downgrades Credit Ratings on Two Classes of Citigroup Commercial Mortgage Trust 2013-GC15
- Morningstar DBRS Assigns Provisional Credit Ratings to Canadian Commercial Mortgage Origination Trust 6
- Morningstar DBRS Confirms All Credit Ratings of Morgan Stanley Bank of America Merrill Lynch Trust 2014-C14
- Morningstar DBRS Confirms All Credit Ratings of Morgan Stanley Bank of America Merrill Lynch Trust 2017-C33
- Morningstar DBRS Confirms All Credit Ratings on Morgan Stanley Bank of America Merrill Lynch Trust 2015-C20
- Morningstar DBRS Downgrades Credit Ratings on Five Classes of Wells Fargo Commercial Mortgage Trust 2015-C27
- Morningstar DBRS Finalizes Provisional Credit Ratings on Canadian Commercial Mortgage Origination Trust 6
- Morningstar DBRS Confirms All Credit Ratings, Changes Trends on Four Classes of COMM 2015-LC21 Mortgage Trust
- Morningstar DBRS Downgrades Credit Ratings on Four Classes of BXMT 2020-FL2, Ltd.; Confirms All Other Classes
- Morningstar DBRS Downgrades Credit Ratings on Four Classes of Wells Fargo Commercial Mortgage Trust 2016-NXS6
- Morningstar DBRS Assigns Provisional Ratings to Freddie Mac Structured Pass-Through Certificates, Series K-163
- Morningstar DBRS Assigns Provisional Ratings to Freddie Mac Structured Pass-Through Certificates, Series K-164
- Morningstar DBRS Confirms Credit Ratings on All Classes of JPMBB Commercial Mortgage Securities Trust 2014-C22
- Morningstar DBRS Downgrades Credit Ratings on Three Classes of Wells Fargo Commercial Mortgage Trust 2016-NXS5
- Morningstar DBRS Confirms Credit Ratings on All Classes of Real Estate Asset Liquidity Trust, Series 2016-1
- Morningstar DBRS Confirms Credit Ratings on All Classes of Real Estate Asset Liquidity Trust, Series 2021-1
- Morningstar DBRS Upgrades Credit Ratings on Eight Classes of Real Estate Asset Liquidity Trust, Series 2017
- Morningstar DBRS Confirms Credit Ratings on All Classes of Arbor Multifamily Mortgage Securities Trust 2020-MF1
- Morningstar DBRS Discontinues Credit Ratings on All Remaining Classes of A10 Bridge Asset Financing 2019-B, LLC
- Morningstar DBRS Discontinues Credit Ratings on All Remaining Classes of A10 Bridge Asset Financing 2020-C, LLC
- Morningstar DBRS Downgrades Credit Ratings on 10 Classes of JPMBB Commercial Mortgage Securities Trust 2015-C30
- Morningstar DBRS Changes Trends on Three Classes of STWD 2019-FL1, Ltd. to Negative, Confirms All Credit Ratings
- Morningstar DBRS Discontinues Credit Rating on Remaining Class of Multi Security Asset Trust LP, Series 2005-RR4
- Morningstar DBRS Downgrades Credit Ratings on Six Classes of JPMBB Commercial Mortgage Securities Trust 2015-C27
- Morningstar DBRS Finalizes Provisional Ratings on Freddie Mac Structured Pass-Through Certificates, Series K-163
- Morningstar DBRS Finalizes Provisional Ratings on Freddie Mac Structured Pass-Through Certificates, Series K-164
- Morningstar DBRS Finalizes Provisional Ratings on Freddie Mac Structured Pass-Through Certificates, Series K-166
- Morningstar DBRS Upgrades Credit Ratings on Three Classes of Real Estate Asset Liquidity Trust, Series 2018-1
- Morningstar DBRS Assigns Provisional Credit Ratings to Certain Tranche Amounts of Kawartha CAD Ltd., Boreal 2024-1
- Morningstar DBRS Confirms Credit Ratings on All Classes of Arbor Realty Commercial Real Estate Notes 2021-FL1, Ltd.
- Morningstar DBRS Confirms Credit Ratings on All Classes of Arbor Realty Commercial Real Estate Notes 2021-FL3, Ltd.
- Morningstar DBRS Confirms Credit Ratings on All Classes of Arbor Realty Commercial Real Estate Notes 2021-FL4, Ltd.
- Morningstar DBRS Confirms Credit Ratings on All Classes of Arbor Realty Commercial Real Estate Notes 2022-FL1, Ltd.
- Morningstar DBRS Downgrades and Discontinues Credit Rating on One Class of Morgan Stanley Capital I Trust 2015-UBS8
- DBRS Morningstar Confirms Credit Ratings on MF1 2022-FL10 LLC; Changes Trend on Nine Classes to Negative from Stable
- Morningstar DBRS Assigns Provisional Credit Ratings to Freddie Mac Structured Pass-Through Certificates, Series K-166
- Morningstar DBRS Changes Trends on Three Classes of GPMT 2021-FL3 to Negative from Stable, Confirms All Credit Ratings
- Morningstar DBRS Confirms All Credit Ratings of BANK 2018-BNK13; Changes Trends on Six Classes to Negative From Stable
- Morningstar DBRS Discontinues Credit Ratings on All Remaining Classes of Citigroup Commercial Mortgage Trust 2014-GC19
- Morningstar DBRS Confirms All Credit Ratings on COMM 2013-CCRE11 Mortgage Trust, Changes Trends to Negative from Stable
- Morningstar DBRS Discontinues Credit Ratings on All Classes of Arbor Realty Commercial Real Estate Notes 2021-FL2, Ltd.
- Morningstar DBRS Discontinues Credit Ratings on All Remaining Classes of FREMF 2014-K38 Mortgage Trust, Series 2014-K38
- Morningstar DBRS Assigns Provisional Credit Rating to the Class E Notes to be Issued by Kawartha CAD Ltd., Boreal 2024-1
- Morningstar DBRS Downgrades Credit Ratings on Two Classes of Morgan Stanley Bank of America Merrill Lynch Trust 2014-C18
- Morningstar DBRS Finalizes its Provisional Credit Rating on the Class E Notes Issued by Kawartha CAD Ltd., Boreal 2024-1
- Morningstar DBRS Confirms Credit Ratings; Changes Trends on Six Classes of Wells Fargo Commercial Mortgage Trust 2016-C33
- Morningstar DBRS Downgrades Credit Ratings on Five Classes of CGCMT 2015-GC33, Changes Trends on Four Classes to Negative
- Morningstar DBRS Downgrades Credit Ratings on Five Classes of Morgan Stanley Bank of America Merrill Lynch Trust 2015-C27
- Morningstar DBRS Changes Trends on Six Classes of KREF 2021-FL2 Ltd. to Negative from Stable; Confirms All Credit Ratings
- Morningstar DBRS Changes Trends on Two Classes of LoanCore 2021-CRE6 Issuer Ltd. to Negative, Confirms All Credit Ratings
- Morningstar DBRS Confirms Credit Ratings on All Classes of Institutional Mortgage Securities Canada Inc., Series 2016-7
- Morningstar DBRS Downgrades Credit Ratings on Two Classes of J.P. Morgan Chase Commercial Mortgage Securities Trust 2012-C8
- Morningstar DBRS Changes Trends on Four Classes of ACRES Commercial Realty 2021-FL1 to Negative, Confirms All Credit Ratings
- Morningstar DBRS Changes Trends on Three Classes of LCCM 2021-FL2 Trust to Negative from Stable, Confirms All Credit Ratings
- Morningstar DBRS Downgrades Credit Ratings on Six Classes of Benchmark 2018-B6 Mortgage Trust and Changes Trends to Negative
- Morningstar DBRS Confirms Credit Ratings on All Classes of Bank of America Merrill Lynch Commercial Mortgage Trust 2016-UBS10
- Morningstar DBRS Downgrades Credit Rating on One Class of CD 2019-CD8, Changes Trends on Five Classes to Stable from Negative
- Morningstar DBRS Downgrades Ten Classes of CD 2016-CD1 Mortgage Trust, Changes Trends to Negative on Three Additional Classes
- Morningstar DBRS Confirms Credit Ratings on All Classes of Institutional Mortgage Securities Canada Inc., Series 2014-5
- Morningstar DBRS Discontinues Credit Rating on Remaining Class of Institutional Mortgage Securities Canada Inc., Series 2013-4
- Morningstar DBRS Downgrades Two Classes of GS Mortgage Securities Trust 2015-GC30, Changes Trends on Three Classes to Negative
- Morningstar DBRS Confirms Credit Ratings on All Classes of CSAIL 2015-C1, Changes Trends on Six Classes to Negative from Stable
- Morningstar DBRS Downgrades Credit Ratings on Two Classes of ACRE Commercial Mortgage 2017-FL3 Ltd.; Confirms All Other Classes
- DBRS Morningstar Confirms Credit Ratings on FS Rialto 2022-FL5 Issuer, LLC; Changes Trend on Two Classes to Negative from Stable
- Morningstar DBRS Confirms All Credit Ratings on FS Rialto 2022-FL6 Issuer, LLC; Changes Trend on Class G to Negative from Stable
- Morningstar DBRS Downgrades Credit Ratings on Four Classes of JPMBB Commercial Mortgage Securities Trust 2015-C28 Mortgage Trust
- Morningstar DBRS Confirms Credit Ratings on All Classes of BANK 2017-BNK7, Changes Trends on Six Classes to Negative From Stable
- Morningstar DBRS Discontinues and Withdraws Provisional Credit Ratings on the Tranche Amounts of Kawartha CAD Ltd., Boreal 2021-1
- Morningstar DBRS Places All Classes of Real Estate Asset Liquidity Trust, Series 2019-1 Under Review With Negative Implications
- Morningstar DBRS Confirms Credit Ratings on All Classes of ACRE Commercial Mortgage 2021-FL4 Ltd., Changes Trends on Three Classes
- Morningstar DBRS Confirms Credit Ratings on All Classes of MF1 2022-FL8 Ltd.; Changes Trend to Negative from Stable on Two Classes
- Morningstar DBRS Confirms Credit Ratings on All Classes of MF1 2022-FL9, LLC; Changes Trend to Negative from Stable on Nine Classes
- Morningstar DBRS Discontinues Credit Ratings on All Remaining Classes of Morgan Stanley Bank of America Merrill Lynch Trust 2014-C15
- Morningstar DBRS Downgrades 10 Credit Ratings on Morgan Stanley Capital I Trust 2018-L1, Confirms Credit Ratings on Remaining Classes
- Morningstar DBRS Downgrades Credit Ratings on Eight Classes of BANK 2017-BNK6, Changes Trends on Five Classes to Negative From Stable
- Morningstar DBRS Changes Trends on Nine Classes of STWD 2022-FL3, Ltd. to Negative from Stable, Confirms Credit Ratings on All Classes
- Morningstar DBRS Discontinues Credit Ratings on All Remaining Classes of Freddie Mac Structured Pass-Through Certificates, Series K-038
- Morningstar DBRS Discontinues Credit Ratings on All Remaining Classes of Freddie Mac Structured Pass-Through Certificates, Series K-729
- Morningstar DBRS Downgrades Credit Ratings on Seven Classes of DBJPM 2016-C1 Mortgage Trust, Maintains Negative Trends on Three Classes
- Morningstar DBRS Downgrades Credit Ratings on Two Classes of COMM 2014-CCRE15 Mortgage Trust, Changes Trend on Two Classes to Negative
- Morningstar DBRS Downgrades Three Classes of Wells Fargo Commercial Mortgage Trust 2018-C44, Changes Trends on Five Classes to Negative
- Morningstar DBRS Confirms Credit Ratings on 29 Freddie Mac CMBS Transactions, One LIHTC Transaction, and 30 Freddie Mac SPC Transactions
- Morningstar DBRS Confirms Credit Ratings on All Classes of HGI CRE CLO 2022-FL3, LLC; Changes Trend to Negative from Stable on One Class
- Morningstar DBRS Confirms Credit Ratings on the Remaining Two Classes of Institutional Mortgage Securities Canada Inc., Series 2013-3
- Morningstar DBRS Downgrades Credit Ratings on Four Classes of COMM 2014-CCRE14 Mortgage Trust, Changes Trend on Three Classes to Negative
- Morningstar DBRS Confirms Credit Ratings on All Classes of RIAL 2022-FL8 Issuer, Ltd., Changes Trend to Negative from Stable on Two Classes
- Morningstar DBRS Downgrades Five Classes of JPMBB Commercial Mortgage Securities Trust 2014-C21, Changes Trends on Five Classes to Negative
- Morningstar DBRS Takes Credit Rating Actions on 38 Freddie Mac Transactions, 38 Freddie Mac SPC Transactions, and Nine ReREMIC Transactions
- Morningstar DBRS Discontinues Credit Ratings on All Remaining Classes of Institutional Mortgage Securities Canada Inc., Series 2014-5
- Morningstar DBRS Changes Trends on Seven Classes to Negative from Stable and Confirms all Classes of CSAIL 2017-C8 Commercial Mortgage Trust
- Morningstar DBRS Downgrades Five Classes of JPMCC Commercial Mortgage Securities Trust 2016-JP2, Changes Trends on Seven Classes to Negative
- Morningstar DBRS Finalizes Provisional Credit Ratings on and Assigns Final Credit Rating to FREMF 2024-K164 Mortgage Trust, Series 2024-K164
- Morningstar DBRS Changes Trends on Six Classes of CSAIL 2016-C6 Commercial Mortgage Trust to Negative, Confirms Credit Ratings on All Classes
- Morningstar DBRS Changes Trends on Six Classes of BBCMS Mortgage Trust 2020-C6 to Negative from Stable, Confirms Credit Ratings on All Classes
- Morningstar DBRS Changes Trends on Three Classes of CD 2017-CD6 Mortgage Trust to Negative From Stable, Confirms Credit Ratings on All Classes
- Morningstar DBRS Confirms All Credit Ratings of Morgan Stanley Capital I Trust 2015-MS1, Changes Trends to Negative from Stable on Two Classes
- Morningstar DBRS Downgrades Credit Ratings on 11 Classes of BBCMS Mortgage Trust 2018-C2, Changes Trends on 12 Classes to Stable from Negative
- Morningstar DBRS Confirms Credit Ratings on All Classes of COMM 2015-PC1 Mortgage Trust, Changes Trends on Four Classes to Negative from Stable
- Morningstar DBRS Downgrades Eight Classes of Benchmark 2018-B5 Mortgage Trust, Changes Trends on Two Additional Classes to Negative from Stable
- Morningstar DBRS Changes Trends on Three Classes of BBCMS Mortgage Trust 2020-C8 to Negative from Stable, Confirms Credit Ratings on All Classes
- Morningstar DBRS Downgrades Credit Ratings on Four Classes of JPMDB Commercial Mortgage Securities Trust 2017-C7, Changes Trends on Five Classes
- Morningstar DBRS Downgrades Seven Classes of Benchmark 2019-B12 Commercial Mortgage Trust, Changes Trends on Six Classes to Negative from Stable
- Morningstar DBRS Changes Trends on Five Classes of SBALR Commercial Mortgage 2020-RR1 Trust to Stable From Negative, Confirms All Credit Ratings
- Morningstar DBRS Confirms Credit Ratings on All Classes of COMM 2015-LC19 Mortgage Trust, Changes Trends to Negative From Stable on Three Classes
- Morningstar DBRS Downgrades Credit Ratings on Four Classes of BBCMS Mortgage Trust 2020-C7, Changes Trends on Two Classes to Negative from Stable
- Morningstar DBRS Confirms All Credit Ratings on Canadian Commercial Mortgage Origination Trust 4, Changes Trends on Three Classes to Negative
- Morningstar DBRS Changes Trends on Five Classes of COMM 2015-CCRE24 Mortgage Trust to Negative from Stable, Confirms Credit Ratings on All Classes
- Morningstar DBRS Changes Trends on Two Classes of A10 Permanent Asset Financing 2017-II, LLC, to Negative From Stable; Confirms All Credit Ratings
- Morningstar DBRS Downgrades Credit Ratings on Seven Classes of CSAIL 2015-C2 Commercial Mortgage Trust, Changes Trends on Four Classes to Negative
- Morningstar DBRS Changes Trends on Seven Classes of COMM 2015-CCRE27 Mortgage Trust to Negative from Stable, Confirms Credit Ratings on All Classes
- Morningstar DBRS Changes Trends on Seven Classes of Benchmark 2022-B34 Mortgage Trust to Negative from Stable, Confirms Credit Ratings on All Classes
- Morningstar DBRS Confirms Credit Ratings on All Classes of Benchmark 2022-B35 Mortgage Trust, Changes Trends on Eight Classes to Negative from Stable
- Morningstar DBRS Downgrades Credit Ratings on Five Classes of COMM 2015-CCRE26 Mortgage Trust, Changes Trends on Four Classes to Stable from Negative
- Morningstar DBRS Downgrades Credit Ratings on Five Classes of COMM 2016-CCRE28 Mortgage Trust, Changes Trends on Five Classes to Negative From Stable
- Morningstar DBRS Changes Trends on Three Classes of Wells Fargo Commercial Mortgage Trust 2018-C47 to Negative, Confirms Credit Ratings on All Classes
- Morningstar DBRS Downgrades Credit Ratings on Six Classes of Wells Fargo Commercial Mortgage Trust 2015-C31, Changes Trends on Six Classes to Negative
- Morningstar DBRS Downgrades Credit Ratings on Three Classes of COMM 2015-CCRE23 Mortgage Trust, Changes Trends on Four Classes to Negative from Stable
- Morningstar DBRS Downgrades Ratings on Two Classes of JPMCC Commercial Mortgage Securities Trust 2017-JP6, Changes Trends on Seven Classes to Negative
- Morningstar DBRS Changes Trends on Seven Classes of Citigroup Commercial Mortgage Trust 2016-C3 to Negative From Stable and Confirms All Credit Ratings
- Morningstar DBRS Downgrades Credit Ratings on Two Classes of Benchmark 2019-B15 Mortgage Trust, Changes Trends on Seven Classes to Negative from Stable
- Morningstar DBRS Downgrades Credit Ratings on Four Classes of Wells Fargo Commercial Mortgage Trust 2015-C28, Changes Trends on Four Classes to Negative
- Morningstar DBRS Changes Trends on Five Classes of GS Mortgage Securities Trust 2019-GC42 to Negative from Stable, Confirms Credit Ratings on All Classes
- Morningstar DBRS Confirms Credit Ratings on All Classes of GS Mortgage Securities Trust 2020-GC45, Changes Trends on Five Classes to Negative from Stable
- Morningstar DBRS Downgrades Credit Ratings on Four Classes of Wells Fargo Commercial Mortgage Trust 2015-LC20, Changes Trend on Three Classes to Negative
- Morningstar DBRS Downgrades Four Classes of JPMCC Commercial Mortgage Securities Trust 2017-JP7, Changes Trends on Three Classes to Negative from Stable
- Morningstar DBRS Changes Trends on Six Classes of WFRBS Commercial Mortgage Trust 2014-C23 to Negative from Stable, Confirms Credit Ratings on All Classes
- Morningstar DBRS Discontinues Credit Rating on One Class and Confirms Ratings on All Other Classes of Arbor Multifamily Mortgage Securities Trust 2022-MF4
- Morningstar DBRS Changes Trends on Two Classes of Canadian Commercial Mortgage Origination Trust 5 to Stable from Negative, Confirms All Credit Ratings
- Morningstar DBRS Confirms Credit Ratings on All Classes of GS Mortgage Securities Trust 2015-GC28, Changes Trends on Three Classes to Negative from Stable
- Morningstar DBRS Downgrades Credit Ratings on Five Classes; Assigns Negative Trends to Three Classes of JPMBB Commercial Mortgage Securities Trust 2014-C26
- Morningstar DBRS Confirms Credit Ratings and Removes Under Review With Developing Implications Status on Tranche Amounts of Kawartha CAD Ltd., Boreal 2022-1
- Morningstar DBRS Confirms Credit Ratings and Removes Under Review With Developing Implications Status on Tranche Amounts of Kawartha CAD Ltd., Boreal 2022-2
- Morningstar DBRS Downgrades Credit Ratings on 11 Classes of JPMBB Commercial Mortgage Securities Trust 2014-C25, Changes Trends on Nine Classes to Negative
- Morningstar DBRS Downgrades Credit Ratings on Four Classes of GS Mortgage Securities Trust 2018-GS10, Changes Trends on Four Classes to Negative From Stable
- Morningstar DBRS Downgrades Credit Ratings on Seven Classes of Wells Fargo Commercial Mortgage Trust 2015-NXS2, Changes Trends on Three Classes to Negative
- Morningstar DBRS Downgrades Credit Ratings on Two Classes of WFRBS Commercial Mortgage Trust 2014-C25, Changes Trends on Six Classes to Negative from Stable
- Morningstar DBRS Downgrades Credit Ratings on Seven Classes of Real Estate Asset Liquidity Trust, Series 2019-1, Assigns Negative Trends to Three Classes
- Morningstar DBRS Downgrades Credit Rating of One Class of Wells Fargo Commercial Mortgage Trust 2018-C45; Changes Trend on Class H-RR to Negative from Stable
- Morningstar DBRS Downgrades Credit Ratings on 14 Classes of Benchmark 2019-B9 Commercial Mortgage Trust, Changes Trends on 10 Classes to Stable from Negative
- Morningstar DBRS Downgrades Credit Ratings on 17 Classes of Citigroup Commercial Mortgage Trust 2017-P8, Changes Trends on 15 Classes to Stable from Negative
- Morningstar DBRS Downgrades Credit Ratings on Five Classes of CSAIL 2018-CX11 Commercial Mortgage Trust, Changes Trends on Two Classes to Stable from Negative
- Morningstar DBRS Downgrades Credit Ratings on Five Classes of CSAIL 2019-C15 Commercial Mortgage Trust, Changes Trends on Nine Classes to Stable From Negative
- Morningstar DBRS Downgrades Credit Ratings on Two Classes of Key Commercial Mortgage Trust 2018-S1, Changes Trend on One Credit Rating to Stable From Negative
- Morningstar DBRS Changes Trends on Four Classes of Citigroup Commercial Mortgage Trust 2016-C2 to Stable from Negative, Confirms Credit Ratings on All Classes
- Morningstar DBRS Confirms Credit Ratings on All Classes of Morgan Stanley Bank of America Merrill Lynch Trust 2016-C32, Changes Trends to Negative on Two Classes
- Morningstar DBRS Changes Trends on Four Classes of Wells Fargo Commercial Mortgage Trust 2016-LC25 to Negative from Stable, Confirms Credit Ratings on All Classes
- Morningstar DBRS Confirms All Classes of Banc of America Merrill Lynch Commercial Mortgage Trust 2015-UBS7, Changes Trends on Five Classes to Negative From Stable
- Morningstar DBRS Confirms Credit Ratings on All Classes of Wells Fargo Commercial Mortgage Trust 2015-LC22, Changes Trends on Five Classes to Negative from Stable
- Morningstar DBRS Confirms Credit Ratings on All Classes of Wells Fargo Commercial Mortgage Trust 2015-SG1; Changes Trends on Three Classes to Negative from Stable
- Morningstar DBRS Downgrades Credit Ratings on Three Classes of Citigroup Commercial Mortgage Trust 2020-GC46, Changes Trend on Six Classes to Negative from Stable
- Morningstar DBRS Downgrades Credit Ratings on Two Classes of Ready Capital Mortgage Financing 2023-FL12, LLC, Changes Trends on Two Additional Classes to Negative
- Morningstar DBRS Changes Trends on 11 Classes of JPMBB Commercial Mortgage Securities Trust 2015-C33 to Negative from Stable, Confirms Credit Ratings on All Classes
- Morningstar DBRS Downgrades Credit Ratings on Eight Classes of Wells Fargo Commercial Mortgage Trust 2017-RB1 and Confirms Remaining Credit Ratings, Negative Trends
- Morningstar DBRS Downgrades Credit Ratings on Six Classes of Citigroup Commercial Mortgage Trust 2014-GC25, Changes Trends on to Negative from Stable on Four Classes
- Morningstar DBRS Downgrades Credit Ratings on Three Classes of Morgan Stanley Bank of America Merrill Lynch Trust 2015-C21, Changes Trends on Six Classes to Negative
- Morningstar DBRS Downgrades Credit Ratings on Nine Classes of GS Mortgage Securities Corporation Trust 2019-GC40, Changes Trends on Eight Classes To Negative From Stable
- Morningstar DBRS Confirms Credit Ratings on All Classes of Morgan Stanley Bank of America Merrill Lynch Trust 2014-C17, Changes Trend on One Class to Negative from Stable
- Morningstar DBRS Downgrades Credit Ratings on Seven Classes of JPMCC Commercial Mortgage Securities Trust 2015-JP1, Changes Trends on Four Classes to Negative from Stable
- Morningstar DBRS Changes Trends on Four Classes of Morgan Stanley Bank of America Merrill Lynch Trust 2015-C23 to Negative from Stable, Confirms Credit Ratings on All Classes
- Morningstar DBRS Changes Trends on Four Classes of Morgan Stanley Bank of America Merrill Lynch Trust 2015-C24 to Negative from Stable, Confirms Credit Ratings on All Classes
- Morningstar DBRS Downgrades Credit Ratings on Three Classes of Citigroup Commercial Mortgage Trust 2019-GC41, Changes Trends on Three Additional Classes to Negative from Stable
- Morningstar DBRS Downgrades Credit Ratings on Seven Classes of Morgan Stanley Bank of America Merrill Lynch Trust 2016-C29, Changes Trends on Seven Classes to Negative From Stable
- Morningstar DBRS Confirms Credit Ratings on All Classes of Bank of America Merrill Lynch Commercial Mortgage Trust 2017-BNK3, Changes Trends on Four Classes to Negative From Stable
- Morningstar DBRS Confirms and Upgrades Provisional Credit Ratings and Removes Under Review With Developing Implications Status on Certain Tranche Amounts of Kawartha CAD Ltd., Boreal 2021-1
- Morningstar DBRS Upgrades One Class and Confirms Credit Ratings on All Other Classes of Wells Fargo Commercial Mortgage Trust 2015-NXS1, Changes Trends on Two Classes to Negative from Stable
Contacts
- Brandon Olson
Associate Managing Director - North American CMBS Ratings
+(1) 312 332 0889
[email protected] - John Amman
Associate Managing Director - North American CMBS Ratings
+(1) 312 332 9442
[email protected] - Erin Stafford
Managing Director - North American Real Estate Ratings
+(1) 312 332 3291
[email protected]
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