KBRA Downgrades One Rating of JPMBB 2015-C30 to D (sf) Following Realization of Principal Losses
27 Apr 2026 | New York
KBRA downgrades the rating of the Class F certificate to D (sf) from C (sf) for JPMBB 2015-C30, a $332.2 million CMBS conduit transaction, following realized losses incurred from reimbursed non-recoverable advances related to the Sunbelt Portfolio ($55.9 million, 16.8% of the current pool balance) as reflected in the March 2026 remittance report.
According to the April 2026 remittance report, cumulative principal losses on the transaction total $48.8 million. The certificate balance for the Class NR has been reduced to zero, and the realized losses in March resulted in the principal balance of Class F being reduced to $17.8 million (97.0% of the original certificate balance).
KBRA's other outstanding ratings for the transaction are unchanged at this time.
Rating Sensitivities
Future rating actions will be dependent upon the ongoing assessment of the timing and likelihood of ultimate payment of principal and accrued interest on the rated certificates. The assessment will consider the expected and actual losses on the remaining assets in the transaction, as well as, the magnitude and extent of interest shortfalls, if any, on the certificates.
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