Methodology
North American CMBS Surveillance Methodology (Archived)
CMBSAvailable Documents
Related Documents
Press Release:
- Morningstar DBRS Confirms All Credit Ratings on MF1 2024-FL14 LLC
- Morningstar DBRS Confirms All Credit Ratings on CFK Trust 2019-FAX
- Morningstar DBRS Confirms All Credit Ratings on RLGH Trust 2021-TROT
- Morningstar DBRS Takes Credit Rating Actions on 24 U.S. RMBS Transactions
- Morningstar DBRS Confirms All Credit Ratings of BX 2022-MVRK Mortgage Trust
- Morningstar DBRS Confirms All Credit Ratings on BSPRT 2021-FL6 Issuer, Ltd.
- Morningstar DBRS Confirms All Credit Ratings on SCG 2024-MSP Mortgage Trust
- Morningstar DBRS Confirms Credit Ratings on All Classes of BSCMS 2007-PWR18
- Morningstar DBRS Confirms Credit Ratings on All Classes of BXP Trust 2017-CC
- Morningstar DBRS Confirms All Credit Ratings of COMM 2014-UBS6 Mortgage Trust
- Morningstar DBRS Confirms All Credit Ratings on NRTH 2024-PARK Mortgage Trust
- Morningstar DBRS Upgrades Credit Ratings on Three Classes of PFP 2021-8, Ltd.
- Morningstar DBRS Confirms All Credit Ratings on MFTII 2019-B3B4 Mortgage Trust
- Morningstar DBRS Confirms Credit Ratings on All Classes of BXMT 2020-FL2, Ltd.
- Morningstar DBRS Confirms Credit Ratings on All Classes of STWD 2019-FL1, Ltd.
- Morningstar DBRS Confirms Credit Ratings on All Classes of VASA Trust 2021-VASA
- Morningstar DBRS Confirms Credit Ratings on All Classes of VNDO Trust 2016-350P
- Morningstar DBRS Downgrades Two Credit Ratings of COMM 2014-UBS2 Mortgage Trust
- Morningstar DBRS Confirms Credit Ratings on All Classes of BBCMS Trust 2015-SRCH
- Morningstar DBRS Confirms All Credit Ratings on Independence Plaza Trust 2018-INDP
- Morningstar DBRS Downgrades Four Classes of GS Mortgage Securities Trust 2014-GC24
- Morningstar DBRS Downgrades Seven Classes of GS Mortgage Securities Trust 2014-GC26
- Morningstar DBRS Downgrades Six Classes of CSAIL 2016-C5 Commercial Mortgage Trust
- Morningstar DBRS Confirms All Credit Ratings of Hudson Yards 2019-30HY Mortgage Trust
- Morningstar DBRS Confirms Credit Ratings on All Classes of Great Wolf Trust 2024-WOLF
- Morningstar DBRS Confirms All Credit Ratings of ACRE Commercial Mortgage 2017-FL3 Ltd.
- Morningstar DBRS Confirms All Credit Ratings of MTN Commercial Mortgage Trust 2022-LPFL
- Morningstar DBRS Upgrades Credit Ratings on Three Classes of HGI CRE CLO 2021-FL1, LTD.
- Morningstar DBRS Confirms All Credit Ratings on CAMB Commercial Mortgage Trust 2019-LIFE
- Morningstar DBRS Confirms Credit Ratings on All Classes of BWAY 2021-1450 Mortgage Trust
- Morningstar DBRS Confirms Credit Ratings on All Classes of DBGS 2019-1735 Mortgage Trust
- Morningstar DBRS Confirms Credit Ratings on All Classes of LoanCore 2021-CRE6 Issuer Ltd.
- Morningstar DBRS Discontinues Credit Rating on All Classes of BSST 2021-SSCP Mortgage Trust
- Morningstar DBRS Downgrades Credit Ratings on Five Classes of COMM 2015-LC21 Mortgage Trust
- Morningstar DBRS Downgrades Credit Ratings on Four Classes of COMM 2014-UBS5 Mortgage Trust
- Morningstar DBRS Confirms Credit Ratings on All Classes of Benchmark 2020-IG3 Mortgage Trust
- Morningstar DBRS Discontinues Credit Ratings on All Remaining Classes of LCCM 2021-FL2 Trust
- Morningstar DBRS Confirms Credit Ratings on All Classes of 225 Liberty Street Trust 2016-225L
- Morningstar DBRS Discontinues Credit Ratings on All Remaining Classes of BBCMS Trust 2018-BXH
- Morningstar DBRS Confirms All Credit Ratings of Wells Fargo Commercial Mortgage Trust 2014-LC16
- Morningstar DBRS Confirms Credit Ratings on All Classes of BX Commercial Mortgage Trust 2024-MF
- Morningstar DBRS Confirms Credit Ratings on All Classes of Hudson's Bay Simon JV Trust 2015-HBS
- Morningstar DBRS Downgrades Five Classes of JPMCC Commercial Mortgage Securities Trust 2017-JP6
- Morningstar DBRS Downgrades Credit Rating on One Class of ACRE Commercial Mortgage 2021-FL4 Ltd.
- Morningstar DBRS Downgrades Seven Classes of JPMBB Commercial Mortgage Securities Trust 2015-C27
- 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 BLP Commercial Mortgage Trust 2023-IND
- Morningstar DBRS Confirms Credit Ratings on All Classes of BX Commercial Mortgage Trust 2022-CSMO
- Morningstar DBRS Confirms Credit Ratings on All Classes of Ready Capital Mortgage Trust 2019-6
- Morningstar DBRS Confirms Credit Ratings on All Classes of BLP Commercial Mortgage Trust 2024-IND2
- Morningstar DBRS Upgrades Credit Ratings on Three Classes of Hudson Yards 2016-10HY Mortgage Trust
- Morningstar DBRS Confirms Credit Ratings on All Classes of BWAY Commercial Mortgage Trust 2022-26BW
- Morningstar DBRS Confirms Credit Ratings on All Classes of ILPT Commercial Mortgage Trust 2022-LPFX
- Morningstar DBRS Confirms Credit Ratings on All Classes of WFRBS Commercial Mortgage Trust 2012-C10
- Morningstar DBRS Confirms All Credit Ratings on KREST Commercial Mortgage Securities Trust 2021-CHIP
- Morningstar DBRS Confirms Credit Ratings on All Classes of Prima Capital CRE Securitization 2019-RK1
- Morningstar DBRS Downgrades Credit Ratings on All Classes of Morgan Stanley Capital I Trust 2018-BOP
- Morningstar DBRS Downgrades Credit Rating on One Class of COMM 2014-LC15 Mortgage Trust
- Morningstar DBRS Discontinues Credit Ratings on All Remaining Classes of COMM 2015-3BP Mortgage Trust
- Morningstar DBRS Discontinues Credit Ratings on All Remaining Classes of COMM 2020-CBM Mortgage Trust
- Morningstar DBRS Discontinues Credit Ratings on All Classes of Shelter Growth CRE 2023-FL5 Issuer Ltd.
- Morningstar DBRS Downgrades Credit Ratings on Two Classes of A10 Permanent Asset Financing 2015-I, LLC
- Morningstar DBRS Takes Credit Rating Actions on Nine Small-Balance Commercial Real Estate Transactions
- Morningstar DBRS Confirms Credit Ratings on All Classes of Citigroup Commercial Mortgage Trust 2013-GC15
- Morningstar DBRS Confirms Credit Ratings on All Classes of Wells Fargo Commercial Mortgage Trust 2016-C34
- Morningstar DBRS Downgrades the Credit Ratings on Seven Classes of GS Mortgage Securities Trust 2014-GC22
- Morningstar DBRS Confirms Credit Ratings on All Classes of GS Mortgage Securities Corporation Trust 2023-FUN
- Morningstar DBRS Downgrades Credit Ratings on Four Classes of Wells Fargo Commercial Mortgage Trust 2016-C32
- Morningstar DBRS Downgrades Credit Ratings on Three Classes of Citigroup Commercial Mortgage Trust 2015-GC31
- Morningstar DBRS Downgrades Credit Ratings on Four Classes of Wells Fargo Commercial Mortgage Trust 2016-NXS5
- Morningstar DBRS Downgrades Credit Ratings on Six Classes of Wells Fargo Commercial Mortgage Trust 2014-LC18
- Morningstar DBRS Confirms Credit Ratings on All Classes of BAMLL Commercial Mortgage Securities Trust 2016-SS1
- Morningstar DBRS Confirms Credit Ratings on All Classes of BWAY Commercial Mortgage Securities Trust 2013-1515
- Morningstar DBRS Discontinues Credit Ratings on All Remaining Classes of Houston Galleria Mall Trust 2015-HGLR
- Morningstar DBRS Discontinues Credit Ratings on All Remaining Classes of KSL Commercial Mortgage Trust 2023-HT
- Morningstar DBRS Confirms All Credit Ratings on J.P. Morgan Chase Commercial Mortgage Securities Trust 2021-MHC
- Morningstar DBRS Discontinues Credit Rating on All Remaining Classes of Fontainebleau Miami Beach Trust 2019-FBLU
- Morningstar DBRS Discontinues Credit Ratings on All Remaining Classes of Two Freddie Mac-Issued CMBS Transactions
- Morningstar DBRS Downgrades Credit Ratings on Four Classes of JPMBB Commercial Mortgage Securities Trust 2015-C29
- Morningstar DBRS Downgrades Credit Ratings on Four Classes of JPMBB Commercial Mortgage Securities Trust 2015-C32
- Morningstar DBRS Changes Trends on Two Classes of J.P. Morgan Chase Commercial Mortgage Securities Trust 2019-ICON
- Morningstar DBRS Confirms Credit Ratings on All Classes of Arbor Realty Commercial Real Estate Notes 2021-FL1, Ltd.
- Morningstar DBRS Confirms Credit Rating on Mortgage Loan Made to Morguard Corporation & 131 Queen Street Limited
- Morningstar DBRS Changes Trends on Nine Classes of MF1 2022-B1 LLC to Negative from Stable; Confirms All Credit Ratings
- Morningstar DBRS Discontinues Credit Ratings on All Remaining Classes of MCAP CMBS Issuer Corporation, Series 2014-1
- Morningstar DBRS Confirms Credit Rating on First Mortgage Bonds Issued by SEC LP and ARCI Ltd. (Suncor Energy Centre)
- Morningstar DBRS Discontinues Credit Ratings on All Remaining Classes of FREMF 2017-K729 Mortgage Trust, Series 2017-K729
- Morningstar DBRS Confirms Credit Ratings on All Classes of J.P. Morgan Chase Commercial Mortgage Securities Trust 2019-OSB
- Morningstar DBRS Confirms Credit Ratings on All Classes of J.P. Morgan Chase Commercial Mortgage Securities Trust 2022-ACB
- Morningstar DBRS Discontinues Credit Rating on All Remaining Classes of Taubman Centers Commercial Mortgage Trust 2022-DPM
- Morningstar DBRS Confirms Credit Ratings on All Classes of J.P. Morgan Chase Commercial Mortgage Securities Trust 2012-WLDN
- Morningstar DBRS Downgrades Credit Ratings on Five Classes of Benchmark 2020-IG2 Mortgage Trust, Changes Trends on Five Classes
- Morningstar DBRS Changes Trends on Three Classes of DC Office Trust 2019-MTC to Stable From Negative, Confirms All Credit Ratings
- Morningstar DBRS Confirms All Classes of JPMCC Commercial Mortgage Securities Trust 2014-C20, Changes Trend on Two Classes to Stable
- Morningstar DBRS Confirms Credit Ratings on All Classes of Benchmark 2021-B25 Mortgage Trust Amazon Seattle Loan-Specific Certificates
- Morningstar DBRS Downgrades Credit Ratings on Four Classes of COMM 2013-300P Mortgage Trust, Changes All Trends to Stable From Negative
- Morningstar DBRS Changes Trends on Nine Classes of Benchmark 2018-B7 Mortgage Trust to Stable From Negative, Confirms All Credit Ratings
- Morningstar DBRS Downgrades Nine Classes of WFRBS Commercial Mortgage Trust 2014-C23, Changes Trends on Five Classes to Negative from Stable
- Morningstar DBRS Changes Trend on One Class of A10 Permanent Asset Financing 2017-II, LLC, to Stable From Negative; Confirms All Credit Ratings
- Morningstar DBRS Downgrades All Classes of Citigroup Commercial Mortgage Trust 2014-GC25, Changes Trends on Two Classes to Negative from Stable
- Morningstar DBRS Confirms Credit Ratings on All Classes of CORE 2019-CORE Mortgage Trust, Changes Trend on Three Classes to Stable From Negative
- Morningstar DBRS Downgrades the Credit Rating on One Class of WFRBS Commercial Mortgage Trust 2014-C21, Changes Trends on Five Classes to Stable
- Morningstar DBRS Upgrades Credit Ratings on Two Classes of Ready Capital Mortgage Financing 2021-FL6, LLC; Downgrades Credit Rating on One Class
- Morningstar DBRS Confirms Credit Ratings on All Classes of Morgan Stanley Bank of America Merrill Lynch Trust 2013-C9, Changes Trends to Positive
- Morningstar DBRS Downgrades Credit Ratings on Five Classes of MKT 2020-525M Mortgage Trust, Changes Trends on Six Classes to Stable From Negative
- Morningstar DBRS Downgrades the Credit Rating on One Class of Wells Fargo Commercial Mortgage Trust 2015-NXS2, Confirms All Remaining Credit Ratings
- Morningstar DBRS Downgrades Credit Ratings on Five Classes of COMM 2019-521F Mortgage Trust, Changes Trends to Negative From Stable for Three Classes
- Morningstar DBRS Publishes Updated North American CMBS Methodologies, Archives Rating North American CMBS Interest-Only Certificates Methodology
- Morningstar DBRS Confirms Credit Ratings on All Classes of CFCRE Commercial Mortgage Trust 2016-C6, Changes Trends on Four Classes to Negative From Stable
- Morningstar DBRS Downgrades Credit Ratings on Eight Classes of GS Mortgage Securities Trust 2017-GS5, Changes Trends on Six Classes to Negative From Stable
- Morningstar DBRS Downgrades Credit Ratings on Five Classes of JPMBB Commercial Mortgage Securities Trust 2014-C26, Changes Trends on Three Classes to Stable
- Morningstar DBRS Downgrades Four Classes of Morgan Stanley Bank of America Merrill Lynch Trust 2014-C19, Changes Trends on Three Classes to Negative from Stable
- Morningstar DBRS Downgrades Credit Ratings on 11 Classes of JPMBB Commercial Mortgage Securities Trust 2014-C25, Changes Trends on Four Classes to Stable From Negative
Contacts
Gwen Roush
Associate Managing Director - North American CMBS Ratings, Surveillance
+(1) 312 332 9575
gwen.roush@morningstar.com- Georgios Katsaros
Managing Director - Structured Finance Analytics
+(1) 212 806 3216
georgios.katsaros@morningstar.com - Erin Stafford
Managing Director - North American Real Estate Ratings
+(1) 312 332 3291
erin.stafford@morningstar.com - Claire Mezzanotte
Group Managing Director, Global Head of Structured Finance Ratings - Credit Ratings Leadership
+(1) 212 806 3272
claire.mezzanotte@morningstar.com
More from Morningstar DBRS
Related Events
- 14March2025
- 19March2025Park Hyatt Milan, V. Tommaso Grossi, 1, 20121 Milano MI, Italy Credit Insights Milan
- 21March2025