Subject: CMBS Rating Downgrade (DOWNG)

Fitch Ratings has downgraded two classes of WFRBS Commercial Mortgage Trust, 2013-C18, which has a 45.5 percent exposure to the retail sector and because some of the hotel loans in its collateral pool have underperformed expectations. The rating agency downgraded ...

Commercial Real Estate Direct Staff Report Kroll Bond Rating Agency has downgraded two classes of CFCRE Commercial Mortgage Securities, 2017-C8, that it expects will suffer as a result of losses generated by four troubled collateral loans. The conduit transaction, whose ...

Following is a list of recent downgrades by Fitch Ratings: Deal Name Current Pool Bal. $mln Orig. Pool Bal $mln DXMark (collateral value, % of par)* Class Size $mln Fitch's New Rating Fitch's Old Rating Notes LB-UBS Commercial Mortgage Trust, ...

UBS-Barclays Commercial Mortgage Trust, 2012-C2, is taking it on the chin with downgrades from Fitch Ratings because of its hefty exposure to the shopping mall sector. Four mall loans, which account for 27.4 percent of the deal's $900.2 million remaining ...

Commercial Real Estate Direct Staff Report Kroll Bond Rating Agency has downgraded two of the most-junior classes of GS Mortgage Securities Trust, 2014-GC26, because of the losses it has projected from three collateral loans. The rating agency downgraded the deal's ...

Commercial Real Estate Direct Staff Report Kroll Bond Rating Agency has downgraded two subordinate bond classes from JPMBB Commercial Mortgage Securities Trust, 2014-C18, because of the losses expected to stem from a $30 million collateral loan that's backed by 545 ...

Commercial Real Estate Direct Staff Report Fitch Ratings has downgraded the $111.6 million class D of WFRBS Commercial Mortgage Trust, 2014-C22, to BB from BBB- because it expects losses to be greater than originally expected. The rating agency said that ...

Commercial Real Estate Direct Staff Report A substantial reduction in the appraised value of three properties securing $48 million of loans in the collateral pool of WFRBS Commercial Mortgage Trust, 2014-C22, has prompted Kroll Bond Rating Agency to downgrade the ...

Class Amt $mln Sub Level% Avg Life (yrs) Rating Fitch Rating Kroll RatingS&P Pricing % Yield% Final Pricing (bp) Bnch mark A-1 9.04 30.00 2.98 AAA AAA AAA 100.000 2.832 +38 swaps A-2 47.74 30.00 4.95 AAA AAA AAA 103.000 ...

Nearly 40 percent of the CMBS loans against regional and outlet malls that come due by 2022 are classified by Fitch Ratings as loans of concern. They could face challenges getting refinanced, particularly as lenders remain cautious of the retail ...