Press Release|CMBS
KBRA Withdraws Rating on 5 Interest-Only Classes from 5 Transactions
30 Sep 2024 | New York
KBRA withdraws its ratings on interest-only (IO) classes from five transactions in accordance with KBRA’s methodology for Rating Interest-Only Certificates. As of the September 2024 remittance reports each of the transactions had 10 or fewer loans remaining. In addition, in two of the transactions, FREMF 2014-K39 and FREMF 2017-K727, each of the respective rated principal & interest classes referenced by the rated IO classes were paid in full. There were no interest shortfalls reported on the withdrawn rated securities during their life.
The transactions and details of the withdrawn classes are as follows:
- MSBAM 2014-C16, Class X-B, from AAA (sf) to WR (sf)
- COMM 2014-CCRE19, Class X-C, from CCC (sf) to WR (sf)
- FREMF 2014-K39, Class X2-B, from AAA (sf) to WR (sf)
- FREMF 2017-K727, Class X2-B, from AAA (sf) to WR (sf)
- FREMF 2017-K728, Class X2-B, from AAA (sf) to WR (sf)