KBRA Upgrades Four Ratings and Affirms One Rating for ACM 2016-1
9 Apr 2026 | New York
KBRA upgrades the ratings of four classes and affirms the rating of one class of certificates for ACM 2016-1, a small balance commercial transaction. The rating actions follow a surveillance review of the transaction, which has benefited from increases in credit enhancement levels and decreases in KLTVs. Since securitization, 69 loans have paid off in full, reducing the number to 10. The balance has been reduced to $25.8 million from $259.7 million at issuance. To date, there have been no loan defaults or principal losses to the trust.
As of the March 2026 remittance period, there are no delinquent or specially serviced loans. KBRA has not identified any K-LOCs.
Each of the remaining loans has a KLTV below 60.0%. The WA KLTV is 43.5% compared to 47.2% at last review and 74.6% at securitization. The KDSC is 2.05x compared to 2.05x at last review and 1.82x at securitization.
Details concerning the classes with ratings changes are as follows:
- Class C to AAA (sf) from AA+ (sf)
- Class D to AA- (sf) from A- (sf)
- Class E to BBB+ (sf) from BB+ (sf)
- Class F from BB (sf) from B (sf)
To access ratings and relevant documents, click here.
Click here to view the report.