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Kroll Bond Rating Agency Releases Monthly Newsletter: CMBS Trend Watch

February 4, 2014

NEW YORK --(BUSINESS WIRE)-- Kroll Bond Rating Agency (KBRA) released its CMBS monthly newsletter, CMBS Trend Watch. KBRA started off the first working day of February with the publication of its 100th CMBS pre-sale report, which came on the heels of a busy January. We assigned ratings to two single borrower transactions, a multi-borrower floating rate deal, and one conduit during the month. In this issue we also touch on JCPenney given its announcement of 33 stores in [mid-January], which prompted the market to shift its focus back to the retail sector. On the surveillance front, KBRA upgraded the ratings of three classes of COMM 2011-FL1 last month due to the deleveraging of the trust. We also review the Strata Estates Suites loan, which was flagged in our monitoring effort as the related borrower failed to make two consecutive debt service payments. The loan represents 2.3% of the COMM 2013-CCRE 10 transaction, which was issued in July 2013 . The newsletter, CMBS Trend Watch , as well as the KBRA Credit Metrics spreadsheet can be found at . The metrics are available in spreadsheet form, and include a “Comp Calculator” feature that allows users to dynamically compare credit metrics across our rated conduit universe. About Kroll Bond Rating Agency KBRA was established in 2010 by Jules Kroll to restore trust in credit ratings by creating new standards for assessing risk and by offering accurate, clear and transparent ratings. KBRA is registered with the U.S. Securities and Exchange Commission as a Nationally Recognized Statistical Rating Organization (NRSRO). In addition, KBRA is recognized by the National Association of Insurance Commissioners (NAIC) as a Credit Rating Provider (CRP). Kroll Bond Rating Agency Terri Magnani , 646-731-2415 or Nicoletta Kotsianas , 646-731-2308 Source: Kroll Bond Rating Agency

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Source: Business Wire

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