KBRA Affirms All Ratings for FREMF 2015-K50
17 Apr 2025 | New York
KBRA affirms all of its outstanding ratings for FREMF 2015-K50, a $791.1 million CMBS agency transaction. The rating actions follow a surveillance review of the transaction. The affirmations follow a surveillance review of the transaction, which has exhibited a slight improvement in pool performance since the last ratings changes in April 2024. However, the magnitude of changes does not warrant ratings changes at this time.
As of March 2025 remittance period, none of the loans are delinquent or specially serviced. However, KBRA identified two K-LOCs (0.9% of the loan pool), which do not have estimated losses.
The transaction’s WA KLTV is 76.4%, compared to 82.3% at the last ratings change in April 2024 and 116.3% at securitization. The WA KDSC is 2.07x, compared to 2.33x at last ratings change and 1.52x at securitization.
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