KBRA Withdraws All Ratings on COMM 2014-277P

KBRA withdraws its outstanding ratings for all classes of COMM 2014-277P, 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 August 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 There were no principal losses or interest shortfalls reported on the withdrawn rated securities during their life.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 Downgrade on May 21, 2024, based on the potential impact of ongoing deterioration in the office sector and the loan’s August 1, 2024 maturity date. The loan subsequently paid off after the borrower completed refinancing of the loan.

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