Rating Report
PFP 2019-5, Ltd.: Surveillance Performance Update
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Summary
DBRS, Inc. (DBRS Morningstar) upgraded the ratings on six classes of secured floating-rate notes issued by PFP 2019-5, Ltd. and confirmed the rating on one class, all with Stable trends. The rating for Class A was discontinued as the class was fully repaid as of the March 2022 remittance report.
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Contacts
Joseph Shmigelsky
Assistant Vice President - North American Corporate Real Estate Ratings
+(1) 312 332 9471
joe.shmigelsky@morningstar.com- Gloria Au
Vice President, Sector Lead - North American CMBS Ratings, Surveillance
+(1) 416 597 7450
gloria.au@morningstar.com - Stephen Koehler
Vice President - North American CMBS Ratings, Surveillance
+(1) 312 332 9441
stephen.koehler@morningstar.com - Richard Carlson
Managing Director, Credit Ratings - Commercial Real Estate Credit Ratings
+1 312 332 9451
rich.carlson@morningstar.com