Rating Report

MF1 2019-FL2, Ltd.: Surveillance Performance Update

CMBS

Summary

DBRS Limited (DBRS Morningstar) upgraded its ratings on the following classes of the Commercial Mortgage-Backed Notes issued by MF1 2019-FL2, Ltd.:

-- Class B to AAA (sf) from AA (low) (sf)
-- Class C to AA (sf) from A (low) (sf)
-- Class D to AA (low) (sf) from BBB (high) (sf)
-- Class E to A (sf) from BBB (low) (sf)
-- Class F to BBB (low) (sf) from BB (low) (sf)
-- Class G to B (high) (sf) from B (low) (sf)

In addition, DBRS Morningstar confirmed the ratings on the following two classes:

-- Class A at AAA (sf)
-- Class A-S at AAA (sf)

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