AOA 2021-1177 Mortgage Trust: Rating Report

DBRS, Inc. (DBRS Morningstar) finalized its provisional ratings on the following classes of Commercial Mortgage Pass-Through Certificates issued by AOA 2021-1177 Mortgage Trust:

Class A at AAA (sf)
Class X-CP at A (sf)
Class X-EXT at A (sf)
Class B at AA (sf)
Class C at A (high) (sf)
Class D at A (low) (sf)
Class E at BBB (low) (sf)
Class HRR at BB (high) (sf)

All trends are Stable. Class X-CP and Class X-EXT are interest-only (IO) classes whose balances are notional.