Methodology
Rating North American CMBS Interest-Only Certificates (Archived)
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- Morningstar DBRS Finalizes Provisional Credit Ratings on LBA Trust 2024-BOLT
- Morningstar DBRS Confirms Credit Ratings on All Classes of ACREC 2023-FL2 LLC
- Morningstar DBRS Discontinues Credit Rating on One Class of STWD 2022-FL3, Ltd.
- Morningstar DBRS Downgrades Credit Ratings on Four Classes of BX Trust 2019-IMC
- Morningstar DBRS Downgrades Credit Ratings on Four Classes of BX Trust 2017-CQHP
- Morningstar DBRS Changes Trends on Three Classes of COMM 2014-LC17 Mortgage Trust
- Morningstar DBRS Upgrades Credit Ratings on Three Classes of CSMC Trust 2017-CHOP
- Morningstar DBRS Confirms All Credit Ratings on Independence Plaza Trust 2018-INDP
- Morningstar DBRS Downgrades Credit Ratings on WFRBS Commercial Mortgage Trust 2012-C10
- Morningstar DBRS Changes Trends on Two Classes of GS Mortgage Securities Trust 2017-GS5
- Morningstar DBRS Confirms All Credit Ratings of CFCRE Commercial Mortgage Trust 2016-C6
- Morningstar DBRS Confirms All Credit Ratings of CSAIL 2015-C4 Commercial Mortgage Trust
- Morningstar DBRS Confirms Credit Ratings on All Classes of DBWF 2015-LCM Mortgage Trust
- Morningstar DBRS Confirms All Credit Ratings of Morgan Stanley Capital I Trust 2013-ALTM
- Morningstar DBRS Confirms All Credit Ratings of Morgan Stanley Capital I Trust 2015-UBS8
- Morningstar DBRS Confirms Credit Ratings on All Classes of COMM 2012-LTRT Mortgage Trust
- Morningstar DBRS Discontinues Credit Rating on One Class of MTK 2021-GRNY Mortgage Trust
- Morningstar DBRS Confirms Credit Ratings on All Classes of UBSCM 2018-NYCH Mortgage Trust
- Morningstar DBRS Confirms Credit Ratings on All Classes of COMM 2014-CCRE21 Mortgage Trust
- Morningstar DBRS Confirms Credit Ratings on All Classes of WP Glimcher Mall Trust 2015-WPG
- Morningstar DBRS Downgrades Credit Ratings on All Classes of COMM 2016-667M Mortgage Trust
- Morningstar DBRS Downgrades Credit Ratings on Six Classes of COMM 2014-UBS2 Mortgage Trust
- Morningstar DBRS Downgrades Credit Ratings on Two Classes of COMM 2014-LC15 Mortgage Trust
- Morningstar DBRS Downgrades Seven Classes of Citigroup Commercial Mortgage Trust 2015-GC31
- Morningstar DBRS Downgrades Three Classes of Wells Fargo Commercial Mortgage Trust 2016-C34
- Morningstar DBRS Downgrades and Then Discontinues Eight Credit Ratings on Four Transactions
- DBRS Morningstar Downgrades Credit Ratings on Seven Classes of COMM 2014-UBS3 Mortgage Trust
- DBRS Morningstar Downgrades One Class, Confirms Six of GS Mortgage Securities Trust 2011-GC5
- Morningstar DBRS Confirms Credit Ratings on Real Estate Asset Liquidity Trust, Series 2014-1
- Morningstar DBRS Downgrades Credit Ratings on Nine Classes of COMM 2014-UBS4 Mortgage Trust
- Morningstar DBRS Downgrades Credit Ratings on Three Classes of COMM 2014-UBS5 Mortgage Trust
- Morningstar DBRS Downgrades and Discontinues Credit Rating on BWAY 2015-1740 Mortgage Trust
- DBRS Morningstar Finalizes Provisional Credit Ratings on KSL Commerical Mortgage Trust 2023-HT
- Morningstar DBRS Confirms All Credit Ratings of Wells Fargo Commercial Mortgage Trust 2016-C32
- Morningstar DBRS Confirms Credit Ratings on All Classes of Ashford Hospitality Trust 2018-ASHF
- Morningstar DBRS Confirms Credit Ratings on All Classes of Ready Capital Mortgage Trust 2018-4
- Morningstar DBRS Confirms Credit Ratings on All Classes of Ready Capital Mortgage Trust 2019-6
- Morningstar DBRS Confirms Credit Ratings on All Classes of CMLS Issuer Corp., Series 2014-1
- Morningstar DBRS Assigns Provisional Credit Ratings to Morgan Stanley Capital I Trust 2024-BPR2
- DBRS Morningstar Confirms Credit Ratings on All Classes of GS Mortgage Securities Trust, 2010-C1
- Morningstar DBRS Confirms Credit Ratings on All Classes of Hudson's Bay Simon JV Trust 2015-HBS
- Morningstar DBRS Downgrades Eight Classes of JPMBB Commercial Mortgage Securities Trust 2015-C31
- Morningstar DBRS Takes Rating Actions on Eight Small-Balance Commercial Real Estate Transactions
- DBRS Morningstar Confirms Credit Ratings on All Classes of GS Mortgage Securities Trust 2013-GC10
- DBRS Morningstar Downgrades All Classes of Natixis Commercial Mortgage Securities Trust 2019-NEMA
- Morningstar DBRS Confirms Credit Ratings on Nine Multi-Borrower Single-Family Rental Transactions
- Morningstar DBRS Downgrades Seven Classes of BAMLL Commercial Mortgage Securities Trust 2016-ISQR
- Morningstar DBRS Finalizes Provisional Credit Ratings on Morgan Stanley Capital I Trust 2024-BPR2
- Morningstar DBRS Upgrades Credit Ratings on Three Classes of BX Commercial Mortgage Trust 2019-XL
- Morningstar DBRS Confirms Credit Ratings on All Classes of CSAIL 2015-C3 Commercial Mortgage Trust
- Morningstar DBRS Confirms Credit Ratings on All Classes of Morgan Stanley Capital I Trust 2018-SUN
- Morningstar DBRS Confirms All Credit Ratings on JPMBB Commercial Mortgage Securities Trust 2015-C29
- Morningstar DBRS Confirms Credit Ratings on All Classes of Morgan Stanley Capital I Trust 2017-ASHF
- Morningstar DBRS Downgrades Credit Ratings on Six Classes of GS Mortgage Securities Trust 2014-GC24
- Morningstar DBRS Confirms Credit Ratings on All Classes of Fontainebleau Miami Beach Trust 2019-FBLU
- Morningstar DBRS Changes Trends on Remaining Classes of Citigroup Commercial Mortgage Trust 2014-GC19
- Morningstar DBRS Downgrades Two Classes of Morgan Stanley Bank of America Merrill Lynch Trust 2014-C19
- DBRS Morningstar Confirms Credit Ratings on All Classes of Citigroup Commercial Mortgage Trust 2020-555
- Morningstar DBRS Assigns Provisional Credit Ratings to FREMF 2024-K163 Mortgage Trust, Series 2024-K163
- Morningstar DBRS Downgrades Credit Ratings on Three Classes of Morgan Stanley Capital I Trust 2019-PLND
- Morningstar DBRS Downgrades Credit Ratings on Two Classes of COMM 2014-CCRE20 Commercial Mortgage Trust
- Morningstar DBRS Downgrades Three Classes of Morgan Stanley Bank of America Merrill Lynch Trust 2016-C28
- Morningstar DBRS Finalizes Provisional Credit Ratings on FREMF 2024-K163 Mortgage Trust, Series 2024-K163
- Morningstar DBRS Downgrades Credit Ratings on Two Classes of Citigroup Commercial Mortgage Trust 2013-GC15
- Morningstar DBRS Assigns Provisional Credit Ratings to Canadian Commercial Mortgage Origination Trust 6
- Morningstar DBRS Assigns Provisional Credit Ratings to BAMLL Commercial Mortgage Securities Trust 2024-NASH
- Morningstar DBRS Confirms All Credit Ratings of Morgan Stanley Bank of America Merrill Lynch Trust 2014-C14
- Morningstar DBRS Confirms All Credit Ratings on Morgan Stanley Bank of America Merrill Lynch Trust 2015-C20
- Morningstar DBRS Downgrades Credit Ratings on Five Classes of Wells Fargo Commercial Mortgage Trust 2015-C27
- Morningstar DBRS Finalizes Provisional Credit Ratings on Canadian Commercial Mortgage Origination Trust 6
- Morningstar DBRS Confirms All Credit Ratings, Changes Trends on Four Classes of COMM 2015-LC21 Mortgage Trust
- Morningstar DBRS Confirms Credit Ratings on All Classes of GS Mortgage Securities Corporation Trust 2018-LUAU
- Morningstar DBRS Downgrades Credit Ratings on Four Classes of Wells Fargo Commercial Mortgage Trust 2016-NXS6
- Morningstar DBRS Assigns Provisional Ratings to Freddie Mac Structured Pass-Through Certificates, Series K-163
- Morningstar DBRS Confirms Credit Ratings on All Classes of JPMBB Commercial Mortgage Securities Trust 2014-C22
- Morningstar DBRS Downgrades Credit Ratings on Three Classes of Wells Fargo Commercial Mortgage Trust 2016-NXS5
- Morningstar DBRS Upgrades Credit Ratings on Three Classes of GS Mortgage Securities Corporation Trust 2017-SLP
- Morningstar DBRS Confirms All Credit Ratings on J.P. Morgan Chase Commercial Mortgage Securities Trust 2021-MHC
- Morningstar DBRS Confirms Credit Ratings on All Classes of BAMLL Commercial Mortgage Securities Trust 2017-SCH
- Morningstar DBRS Confirms Credit Ratings on All Classes of MSBAM Commercial Mortgage Securities Trust 2012-CKSV
- Morningstar DBRS Confirms Credit Ratings on All Classes of SFAVE Commercial Mortgage Securities Trust 2015-5AVE
- Morningstar DBRS Downgrades Credit Ratings on 10 Classes of JPMBB Commercial Mortgage Securities Trust 2015-C30
- Morningstar DBRS Finalized Provisional Credit Ratings on BAMLL Commercial Mortgage Securities Trust 2024-NASH
- DBRS Morningstar Publishes Updated Methodology for Rating North American CMBS Interest-Only Certificates
- DBRS Morningstar Discontinues Credit Ratings on All Remaining Classes of GS Mortgage Securities Trust 2013-GCJ16
- Morningstar DBRS Downgrades Credit Ratings on Six Classes of JPMBB Commercial Mortgage Securities Trust 2015-C27
- Morningstar DBRS Downgrades Two Classes and Changes Trend on JPMBB Commercial Mortgage Securities Trust 2015-C32
- Morningstar DBRS Finalizes Provisional Ratings on Freddie Mac Structured Pass-Through Certificates, Series K-163
- Morningstar DBRS Discontinues Credit Ratings on All Remaining Classes of Two Freddie Mac-Issued CMBS Transactions
- Morningstar DBRS Changes Trends on Two Classes of J.P. Morgan Chase Commercial Mortgage Securities Trust 2019-ICON
- DBRS Morningstar Downgrades and Discontinues Credit Rating on One Class of WFRBS Commercial Mortgage Trust 2013-C18
- Morningstar DBRS Downgrades One Class of Wells Fargo Commercial Mortgage Trust 2014-LC16, Changes Trend to Negative
- Morningstar DBRS Downgrades Two Classes and Changes Trends on Four Classes of GS Mortgage Securities Trust 2014-GC26
- Morningstar DBRS Discontinues Credit Ratings on All Remaining Classes of Citigroup Commercial Mortgage Trust 2014-GC19
- Morningstar DBRS Downgrades Credit Rating on Four Classes of Morgan Stanley Bank of America Merrill Lynch Trust 2013-C9
- Morningstar DBRS Downgrades Credit Ratings on Two Classes of Morgan Stanley Bank of America Merrill Lynch Trust 2014-C18
- Morningstar DBRS Changes Trends on Six Classes of COMM 2014-UBS6 Mortgage Trust to Negative; Confirms All Credit Ratings
- Morningstar DBRS Confirms Credit Ratings; Changes Trends on Six Classes of Wells Fargo Commercial Mortgage Trust 2016-C33
- Morningstar DBRS Downgrades Credit Ratings on Five Classes of CGCMT 2015-GC33, Changes Trends on Four Classes to Negative
- Morningstar DBRS Downgrades Credit Ratings on Five Classes of Morgan Stanley Bank of America Merrill Lynch Trust 2015-C27
- Morningstar DBRS Confirms Credit Ratings on All Classes of J.P. Morgan Chase Commercial Mortgage Securities Trust 2012-WLDN
- Morningstar DBRS Discontinues Credit Rating on One Class of J.P. Morgan Chase Commercial Mortgage Securities Trust 2021-NYAH
- Morningstar DBRS Downgrades Three Classes of JPMCC Commercial Mortgage Securities Trust 2014-C20, Changes Trends to Negative
- Morningstar DBRS Downgrades Ten Classes of CD 2016-CD1 Mortgage Trust, Changes Trends to Negative on Three Additional Classes
- Morningstar DBRS Takes Rating Actions on North American Single-Asset/Single-Borrower Transactions Backed by Office Properties
- Morningstar DBRS Confirms Credit Ratings on All Classes of Institutional Mortgage Securities Canada Inc., Series 2014-5
- Morningstar DBRS Downgrades Two Classes of GS Mortgage Securities Trust 2015-GC30, Changes Trends on Three Classes to Negative
- DBRS Morningstar Downgrades Credit Ratings on Three Classes of J.P. Morgan Chase Commercial Mortgage Securities Trust 2021-410T
- Morningstar DBRS Confirms Credit Ratings on All Classes of CSAIL 2015-C1, Changes Trends on Six Classes to Negative from Stable
- Morningstar DBRS Downgrades Credit Ratings on Four Classes of JPMBB Commercial Mortgage Securities Trust 2015-C28 Mortgage Trust
- Morningstar DBRS Places All Classes of Real Estate Asset Liquidity Trust, Series 2019-1 Under Review With Negative Implications
- Morningstar DBRS Discontinues Credit Ratings on All Remaining Classes of Morgan Stanley Bank of America Merrill Lynch Trust 2014-C15
- Morningstar DBRS Downgrades Credit Ratings on Two Classes of COMM 2014-CCRE15 Mortgage Trust, Changes Trend on Two Classes to Negative
- Morningstar DBRS Downgrades Three Classes of Wells Fargo Commercial Mortgage Trust 2018-C44, Changes Trends on Five Classes to Negative
- Morningstar DBRS Downgrades Five Classes of JPMBB Commercial Mortgage Securities Trust 2014-C21, Changes Trends on Five Classes to Negative
- Morningstar DBRS Changes Trends on Seven Classes to Negative from Stable and Confirms all Classes of CSAIL 2017-C8 Commercial Mortgage Trust
- Morningstar DBRS Downgrades Five Classes of JPMCC Commercial Mortgage Securities Trust 2016-JP2, Changes Trends on Seven Classes to Negative
- WFRBS Commercial Mortgage Trust 2014-C20: DBRS Morningstar Downgrades Credit Rating on One Class of WFRBS Commercial Mortgage Trust 2014-C20
- Morningstar DBRS Confirms All Credit Ratings of CSAIL 2016-C5 Commercial Mortgage Trust, Changes Trends on Six Classes to Negative from Stable
- Morningstar DBRS Confirms All Credit Ratings of Morgan Stanley Capital I Trust 2015-MS1, Changes Trends to Negative from Stable on Two Classes
- Morningstar DBRS Confirms Credit Ratings on All Classes of COMM 2015-PC1 Mortgage Trust, Changes Trends on Four Classes to Negative from Stable
- Morningstar DBRS Confirms Credit Ratings on All Classes of COMM 2020-CBM Mortgage Trust, Changes Trends to Negative from Stable on Five Classes
- Morningstar DBRS Downgrades Credit Ratings on Seven Classes of GS Mortgage Securities Trust 2014-GC22, Changes Trends on Six Classes to Negative
- Morningstar DBRS Changes Trends on Five Classes of COMM 2015-CCRE24 Mortgage Trust to Negative from Stable, Confirms Credit Ratings on All Classes
- Morningstar DBRS Downgrades Credit Ratings on Seven Classes of CSAIL 2015-C2 Commercial Mortgage Trust, Changes Trends on Four Classes to Negative
- Morningstar DBRS Downgrades Credit Ratings on Seven Classes of WFRBS Commercial Mortgage Trust 2014-C21, Changes Trends on Five Classes to Negative
- Morningstar DBRS Places North American Single-Asset/Single Borrower Transactions Backed by Office Properties Under Review With Negative Implications
- Morningstar DBRS Downgrades Credit Ratings on Four Classes of Citigroup Commercial Mortgage Trust 2014-GC21, Changes Trends on Six Classes to Negative
- Morningstar DBRS Downgrades Credit Ratings on Six Classes of Wells Fargo Commercial Mortgage Trust 2015-C31, Changes Trends on Six Classes to Negative
- Morningstar DBRS Downgrades Ratings on Two Classes of JPMCC Commercial Mortgage Securities Trust 2017-JP6, Changes Trends on Seven Classes to Negative
- Morningstar DBRS Downgrades Credit Ratings on Four Classes of Wells Fargo Commercial Mortgage Trust 2015-C28, Changes Trends on Four Classes to Negative
- Morningstar DBRS Changes Trends on Six Classes of WFRBS Commercial Mortgage Trust 2014-C23 to Negative from Stable, Confirms Credit Ratings on All Classes
- Morningstar DBRS Discontinues Credit Rating on One Class and Confirms Ratings on All Other Classes of Arbor Multifamily Mortgage Securities Trust 2022-MF4
- Morningstar DBRS Confirms Credit Ratings on All Classes of GS Mortgage Securities Trust 2015-GC28, Changes Trends on Three Classes to Negative from Stable
- Morningstar DBRS Downgrades Credit Ratings on Five Classes; Assigns Negative Trends to Three Classes of JPMBB Commercial Mortgage Securities Trust 2014-C26
- Morningstar DBRS Downgrades Credit Ratings on 11 Classes of JPMBB Commercial Mortgage Securities Trust 2014-C25, Changes Trends on Nine Classes to Negative
- Morningstar DBRS Downgrades Credit Ratings on Seven Classes of Wells Fargo Commercial Mortgage Trust 2015-NXS2, Changes Trends on Three Classes to Negative
- DBRS Morningstar Downgrades Credit Ratings on Eight Classes of Bank of America Merrill Lynch Commercial Mortgage Trust 2016-UBS10, Confirms Remaining Classes
- Morningstar DBRS Confirms Credit Ratings on All Classes of Wells Fargo Commercial Mortgage Trust 2015-SG1; Changes Trends on Three Classes to Negative from Stable
- Morningstar DBRS Confirms Credit Ratings on All Classes of Morgan Stanley Bank of America Merrill Lynch Trust 2013-C7, Changes Trends to Negative for Three Classes
- Morningstar DBRS Changes Trends on 11 Classes of JPMBB Commercial Mortgage Securities Trust 2015-C33 to Negative from Stable, Confirms Credit Ratings on All Classes
- Morningstar DBRS Downgrades Credit Ratings on Four Classes of Wells Fargo Commercial Mortgage Trust 2014-LC18, Changes Trends on Four Classes to Negative from Stable
- Morningstar DBRS Downgrades Credit Ratings on Six Classes of Citigroup Commercial Mortgage Trust 2014-GC25, Changes Trends on to Negative from Stable on Four Classes
- Morningstar DBRS Downgrades Credit Ratings on Three Classes of Morgan Stanley Bank of America Merrill Lynch Trust 2015-C21, Changes Trends on Six Classes to Negative
- Morningstar DBRS Confirms Credit Ratings on All Classes of Morgan Stanley Bank of America Merrill Lynch Trust 2014-C17, Changes Trend on One Class to Negative from Stable
- Morningstar DBRS Downgrades Credit Ratings on Seven Classes of JPMCC Commercial Mortgage Securities Trust 2015-JP1, Changes Trends on Four Classes to Negative from Stable
- Morningstar DBRS Changes Trends on Four Classes of Morgan Stanley Bank of America Merrill Lynch Trust 2015-C23 to Negative from Stable, Confirms Credit Ratings on All Classes
- Morningstar DBRS Upgrades One Class and Confirms Credit Ratings on All Other Classes of Wells Fargo Commercial Mortgage Trust 2015-NXS1, Changes Trends on Two Classes to Negative from Stable
Contacts
Rachel Sill
Senior Vice President - North American CMBS Ratings
+(1) 917 438 1470
rachel.sill@morningstar.com- Erin Stafford
Managing Director - North American Real Estate Ratings
+(1) 312 332 3291
erin.stafford@morningstar.com - Sharon McGarvey
Senior Vice President, Lead - Global Structured Finance Ratings, Credit Practices
+(1) 212 806 3919
sharon.mcgarvey@morningstar.com - Claire Mezzanotte
Group Managing Director, Global Head of Structured Finance Ratings - Credit Ratings Leadership
+(1) 212 806 3272
claire.mezzanotte@morningstar.com
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