KBRA Withdraws All Ratings on DBCG 2017-BBG
22 Oct 2024 | New York
KBRA withdraws its outstanding ratings for all classes of DBCG 2017-BBG, 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. The HRR class reported a de minimis $63,000 loss (25 bps of the HRR class) resulting from administrative expenses which accumulated during the life of the loan. Prior to the withdrawal, the ratings were placed on Watch Developing on May 14, 2024, based on market information that the borrower was working on the imminent refinancing of the transaction. The Watch Developing status was maintained on August 12, 2024. The loan subsequently paid off after the borrower completed refinancing of the loan.
To access ratings and relevant documents, click here.