KBRA Withdraws All Ratings for COMM 2014-UBS2
10 Jul 2026 | New York
KBRA withdraws all outstanding ratings for COMM 2014-UBS2, a $10.2 million CMBS conduit transaction. The transaction has been reduced to one loan with a balance of $10.2 million from 59 loans and $1.2 billion at securitization. The remaining classes, D, E, and F, incurred principal losses and KBRA lowered their ratings to D. Cumulative principal losses on the transaction total $95.5 million, according to the June 2026 remittance report. Classes E, F and G have been reduced to zero and the realized losses have reduced the principal balance of Class D to $10.2 million.
Details concerning the withdraws are as follows:
- Class D to WR (sf) from D (sf)
- Class E to WR (sf) from D (sf)
- Class F to WR (sf) from D (sf)
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.