Credit Rating Report

STWD 2022-FL3, Ltd.: Surveillance Performance Update

CMBS

Summary

DBRS, Inc. (Morningstar DBRS) confirmed its credit ratings on all classes of notes issued by STWD 2022-FL3, Ltd. Morningstar DBRS changed the trend on Classes E, F, G, E-E, E-X, F-E, F-X, G-E, and G-X to Negative from Stable. The trend on all other classes is Stable.

Ratings

STWD 2022-FL3, Ltd.
  • Date Issued:Sep 25, 2024
  • Rating Action:Trend Change, Confirmed
  • Ratings:BBB (low) (sf)
  • Trend:Neg
  • Rating Recovery:
  • Issued:US
  • Date Issued:Sep 25, 2024
  • Rating Action:Trend Change, Confirmed
  • Ratings:BBB (low) (sf)
  • Trend:Neg
  • Rating Recovery:
  • Issued:US
  • Date Issued:Sep 25, 2024
  • Rating Action:Trend Change, Confirmed
  • Ratings:BBB (low) (sf)
  • Trend:Neg
  • Rating Recovery:
  • Issued:US
  • Date Issued:Sep 25, 2024
  • Rating Action:Trend Change, Confirmed
  • Ratings:BB (low) (sf)
  • Trend:Neg
  • Rating Recovery:
  • Issued:US
  • Date Issued:Sep 25, 2024
  • Rating Action:Trend Change, Confirmed
  • Ratings:BB (low) (sf)
  • Trend:Neg
  • Rating Recovery:
  • Issued:US
  • Date Issued:Sep 25, 2024
  • Rating Action:Trend Change, Confirmed
  • Ratings:BB (low) (sf)
  • Trend:Neg
  • Rating Recovery:
  • Issued:US
  • Date Issued:Sep 25, 2024
  • Rating Action:Trend Change, Confirmed
  • Ratings:B (low) (sf)
  • Trend:Neg
  • Rating Recovery:
  • Issued:US
  • Date Issued:Sep 25, 2024
  • Rating Action:Trend Change, Confirmed
  • Ratings:B (low) (sf)
  • Trend:Neg
  • Rating Recovery:
  • Issued:US
  • Date Issued:Sep 25, 2024
  • Rating Action:Trend Change, Confirmed
  • Ratings:B (low) (sf)
  • Trend:Neg
  • Rating Recovery:
  • Issued:US
  • Date Issued:Sep 25, 2024
  • Rating Action:Confirmed
  • Ratings:AAA (sf)
  • Trend:Stb
  • Rating Recovery:
  • Issued:US
  • Date Issued:Sep 25, 2024
  • Rating Action:Confirmed
  • Ratings:AAA (sf)
  • Trend:Stb
  • Rating Recovery:
  • Issued:US
  • Date Issued:Sep 25, 2024
  • Rating Action:Confirmed
  • Ratings:AA (low) (sf)
  • Trend:Stb
  • Rating Recovery:
  • Issued:US
  • Date Issued:Sep 25, 2024
  • Rating Action:Confirmed
  • Ratings:A (low) (sf)
  • Trend:Stb
  • Rating Recovery:
  • Issued:US
  • Date Issued:Sep 25, 2024
  • Rating Action:Confirmed
  • Ratings:BBB (sf)
  • Trend:Stb
  • Rating Recovery:
  • Issued:US
  • 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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