KBRA Withdraws All Ratings on HPLY Trust 2019-HIT

KBRA withdraws its outstanding ratings for all classes of HPLY Trust 2019-HIT, 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 November 2024 remittance report. The G class reported a de minimis $2,900 loss (.003% of the original Class G balance) resulting from interest shortfalls. Prior to the withdrawal, the ratings were placed on Watch Developing on October 18, 2024, due to the loan's impending November 2024 maturity date. The loan subsequently paid off after the borrower completed refinancing of the loan.

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