Press Release|CMBS

KBRA Affirms All Ratings for WFCM 2022-C62

12 Apr 2024   |   New York


KBRA affirms all of its outstanding ratings for WFCM 2022-C62, a $529.6 million CMBS conduit transaction. The affirmations follow a surveillance review of the transaction, which has exhibited overall stable pool performance since securitization.

As of the March 2024 remittance period, there are two (4.3%) specially serviced loans. KBRA identified six K-LOCs (12.7%), including the specially serviced assets.

The K-LOCs include one top 10 loan:

  • 530 Bush Street (7th largest, 3.7%)

The remaining five K-LOCs do not have estimated losses and represent 9.0% of the pool.

The transaction's WA KLTV is 103.1%, compared to 100.2% at last review and 100.0% at securitization. The WA KDSC is 1.95x, compared to 1.99x at last review and 2.00x at securitization.

To access rating and relevant documents, click here.

Click here to view the report.

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Further information on key credit considerations, sensitivity analyses that consider what factors can affect these credit ratings and how they could lead to an upgrade or a downgrade, and ESG factors (where they are a key driver behind the change to the credit rating or rating outlook) can be found in the full rating report referenced above.

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

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: 1003885

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