Rating Report
Exantas Capital Corp. 2020-RSO9, Ltd.: Surveillance Performance Update
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Summary
On September 20, 2021, DBRS Limited (DBRS Morningstar) upgraded its ratings on four classes of notes and confirmed the ratings on the remaining classes with Stable trends. The rating upgrades reflect the strengthened credit profile of the transaction, largely the result of the significant paydown in the principal balance of the deal since issuance.
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Contacts
Timothy Burke
Assistant Vice President - North American CMBS Ratings, Surveillance
+(1) 416 597 7537
timothy.burke@morningstar.com- Stephen Koehler
Vice President - North American CMBS Ratings, Surveillance
+(1) 312 332 9441
stephen.koehler@morningstar.com - Gwen Roush
Associate Managing Director - North American CMBS Ratings, Surveillance
+(1) 312 332 9575
gwen.roush@morningstar.com - Richard Carlson
Managing Director, Credit Ratings - Commercial Real Estate Credit Ratings
+1 312 332 9451
rich.carlson@morningstar.com