Press Release|CMBS

KBRA Withdraws All Ratings on BB-UBS Trust 2012-SHOW

17 Oct 2024   |   New York

Contacts

KBRA withdraws its outstanding ratings for all classes of BB-UBS Trust 2012-SHOW, a CMBS SASB transaction. The rating withdrawals follow the reduction of the principal balance of each rated security to zero as reflected in the transaction’s October 2024 remittance report. There were no principal losses or interest shortfalls reported on the withdrawn rated securities during their life. Prior to the withdrawal, the ratings were placed on Watch Developing on September 12, 2024, based on market information that the borrower was working on the imminent refinancing of the transaction. The loan subsequently paid off after the borrower completed refinancing of the loan.

To access ratings and relevant documents, click here.

Disclosures

A description of all substantially material sources that were used to prepare the credit rating and information on the methodology(ies) (inclusive of any material models and sensitivity analyses of the relevant key rating assumptions, as applicable) used in determining the credit rating is available in the Information Disclosure Form(s) located here.

Information on the meaning of each rating category can be located here.

Further disclosures relating to this rating action are available in the Information Disclosure Form(s) referenced above. Additional information regarding KBRA policies, methodologies, rating scales and disclosures are available at www.kbra.com.

About KBRA

Kroll Bond Rating Agency, LLC (KBRA) is a full-service credit rating agency registered with the U.S. Securities and Exchange Commission as an NRSRO. Kroll Bond Rating Agency Europe Limited is registered as a CRA with the European Securities and Markets Authority. Kroll Bond Rating Agency UK Limited is registered as a CRA with the UK Financial Conduct Authority. In addition, KBRA is designated as a designated rating organization by the Ontario Securities Commission for issuers of asset-backed securities to file a short form prospectus or shelf prospectus. KBRA is also recognized by the National Association of Insurance Commissioners as a Credit Rating Provider.

Doc ID: 1006435

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