Press Release|CMBS

KBRA Withdraws Ratings on 5 Interest-Only Classes from 2 Transactions

19 Dec 2024   |   New York

Contacts

KBRA withdraws its ratings on interest-only (IO) classes from two transactions in accordance with KBRA’s methodology for Rating Interest-Only Certificates. As of the December 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 There were no interest shortfalls reported on the withdrawn rated securities during their life.

The transactions and details of the withdrawn classes are as follows:

  • COMM 2014-CCRE20, Class X-B, from AAA (sf) to WR (sf)
  • COMM 2014-CCRE20, Class X-C, from CCC (sf) to WR (sf)
  • GSMS 2014-GC26, Class X-A, from AAA (sf) to WR (sf)
  • GSMS 2014-GC26, Class X-B, from AAA (sf) to WR (sf)
  • GSMS 2014-GC26, Class X-C, from CC (sf) to WR (sf)

Methodologies

Disclosures

A description of all substantially material sources that were used to prepare the credit rating and information on the methodology(ies) (inclusive of any material models and sensitivity analyses of the relevant key rating assumptions, as applicable) used in determining the credit rating is available in the Information Disclosure Form(s) located here.

Information on the meaning of each rating category can be located here.

Further disclosures relating to this rating action are available in the Information Disclosure Form(s) referenced above. Additional information regarding KBRA policies, methodologies, rating scales and disclosures are available at www.kbra.com.

About KBRA

Kroll Bond Rating Agency, LLC (KBRA) is a full-service credit rating agency registered with the U.S. Securities and Exchange Commission as an NRSRO. Kroll Bond Rating Agency Europe Limited is registered as a CRA with the European Securities and Markets Authority. Kroll Bond Rating Agency UK Limited is registered as a CRA with the UK Financial Conduct Authority. In addition, KBRA is designated as a designated rating organization by the Ontario Securities Commission for issuers of asset-backed securities to file a short form prospectus or shelf prospectus. KBRA is also recognized by the National Association of Insurance Commissioners as a Credit Rating Provider.

Doc ID: 1007368

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