Press Release|CMBS
KBRA Withdraws Ratings on 19 Interest-Only Classes from 6 Transactions
26 Nov 2024 | New York
KBRA withdraws its ratings on interest-only (IO) classes from six transactions in accordance with KBRA’s methodology for Rating Interest-Only Certificates. As of the November 2024 remittance reports each of the transactions had 10 or fewer loans remaining. There were no interest shortfalls reported on the withdrawn rated securities during their life.
The transactions and details of the withdrawn classes are as follows:
- FREMF 2014-K41, Class X2-B, from AAA (sf) to WR (sf)
- GSMS 2014-GC24, Class X-A, from AAA (sf) to WR (sf)
- GSMS 2014-GC24, Class X-B, from AAA (sf) to WR (sf)
- GSMS 2014-GC24, Class X-C, from C (sf) to WR (sf)
- MSBAM 2014-C18, Class X-B, from AAA (sf) to WR (sf)
- MSBAM 2014-C18, Class X-C, from C (sf) to WR (sf)
- CGCMT 2014-GC25, Class X-A, from AAA (sf) to WR (sf)
- CGCMT 2014-GC25, Class X-B, from AAA (sf) to WR (sf)
- CGCMT 2014-GC25, Class X-D, from CCC (sf) to WR (sf)
- CGCMT 2014-GC25, Class X-E, from CC (sf) to WR (sf)
- CGCMT 2014-GC25, Class X-F, from C (sf) to WR (sf)
- JPMBB 2014-C23, Class X-A, from AAA (sf) to WR (sf)
- JPMBB 2014-C23, Class X-B, from AAA (sf) to WR (sf)
- JPMBB 2014-C23, Class X-C, from B- (sf) to WR (sf)
- JPMBB 2014-C23, Class X-D, from CCC (sf) to WR (sf)
- WFRBS 2014-C22, Class X-A, from AAA (sf) to WR (sf)
- WFRBS 2014-C22, Class X-B, from AAA (sf) to WR (sf)
- WFRBS 2014-C22, Class X-C, from C (sf) to WR (sf)
- WFRBS 2014-C22, Class X-D, from C (sf) to WR (sf)