Methodology
North American Commercial Mortgage Servicer Rankings
CMBSAvailable Documents
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Press Release:
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- Morningstar DBRS Confirms All Credit Ratings of CSMC 2021-BHAR
- Morningstar DBRS Confirms Credit Ratings on MF1 2021-FL6, Ltd.
- Morningstar DBRS Confirms All Credit Ratings of BANK 2019-BNK22
- Morningstar DBRS Confirms All Credit Ratings on BANK 2021-BNK32
- Morningstar DBRS Confirms Credit Ratings on BPCRE 2022-FL2, Ltd.
- Morningstar DBRS Confirms All Credit Ratings on BDS 2022-FL12 LLC
- Morningstar DBRS Confirms All Credit Ratings on MF1 2023-FL12 LLC
- Morningstar DBRS Confirms Credit of COMM 2013-CCRE10 Mortgage Trust
- Morningstar DBRS Confirms All Credit Ratings on GSF 2022-1 Issuer LLC
- Morningstar DBRS Confirms Credit Ratings on TRTX 2022-FL5 Issuer, Ltd.
- Morningstar DBRS Assigns Provisional Credit Ratings to BANK5 2024-5YR10
- Morningstar DBRS Assigns Provisional Credit Ratings to BANK5 2024-5YR11
- Morningstar DBRS Downgrades Five Classes of DBGS 2018-C1 Mortgage Trust
- Morningstar DBRS Confirms CMLS Financial Ltd.'s Servicer Rankings
- Morningstar DBRS Assigns Credit Ratings to BMD2 RE-REMIC Trust 2019-FRR1
- Morningstar DBRS Assigns Provisional Credit Ratings to MF1 2024-FL16 LLC
- Morningstar DBRS Confirms All Credit Ratings of H.I.G. RCP 2023-FL1, LLC
- Morningstar DBRS Downgrades Four Classes of DBJPM 2017-C6 Mortgage Trust
- Morningstar DBRS Assigns Provisional Credit Ratings to JW Trust 2024-BERY
- Morningstar DBRS Finalizes Provisional Credit Ratings on BANK5 2024-5YR10
- Morningstar DBRS Assigns Provisional Credit Ratings to SHR Trust 2024-LXRY
- Morningstar DBRS Confirms Credit Ratings on All Classes of BANK 2020-BNK29
- Morningstar DBRS Confirms Credit Ratings on All Classes of BANK 2020-BNK30
- Morningstar DBRS Confirms Credit Ratings on All Classes of BANK 2021-BNK35
- Morningstar DBRS Confirms Credit Ratings on All Classes of BANK 2022-BNK41
- Morningstar DBRS Confirms Credit Ratings on All Classes of GSMS 2013-GCJ14
- Morningstar DBRS Confirms Credit Ratings on FS Rialto 2022-FL4 Issuer, LLC
- Morningstar DBRS Finalizes Provisional Credit Ratings on MF1 2024-FL16 LLC
- Morningstar DBRS Assigns Provisional Credit Ratings to BFLD Trust 2024-UNIV
- Morningstar DBRS Finalizes Provisional Credit Ratings on SHR Trust 2024-LXRY
- Morningstar DBRS Confirms Credit Ratings on All Classes of BX Trust 2021-ACNT
- Morningstar DBRS Confirms Credit Ratings on All Classes of KREF 2022-FL3 Ltd.
- Morningstar DBRS Confirms Credit Ratings on All Classes of THE 2023-MIC Trust
- Morningstar DBRS Confirms Credit Ratings on All Classes of AREIT 2022-CRE7 LLC
- Morningstar DBRS Confirms Credit Ratings on All Classes of LCCM 2021-FL3 Trust
- Morningstar DBRS Confirms Credit Ratings on All Classes of STWD Trust 2021-LIH
- Morningstar DBRS Confirms All Credit Ratings on 20 Times Square Trust 2018-20TS
- Morningstar DBRS Confirms Credit Ratings on All Classes of SREIT Trust 2021-IND
- Morningstar DBRS Downgrades One Class of MSC Mortgage Securities Trust, 2012-C4
- Morningstar DBRS Confirms All Credit Ratings of Hamlet Securitization Trust 2020-CRE1
- Morningstar DBRS Confirms All Credit Ratings of Key Commercial Mortgage Trust 2019-S2
- Morningstar DBRS Confirms Credit Ratings on All Classes of BSPRT 2022-FL9 Issuer, LLC
- Morningstar DBRS Confirms Credit Ratings on All Classes of BSPDF 2021-FL1 Issuer, Ltd.
- Morningstar DBRS Confirms All Credit Ratings of Morgan Stanley Capital I Trust 2017-HR2
- Morningstar DBRS Confirms Credit Ratings on All Classes of MTK 2021-GRNY Mortgage Trust
- Morningstar DBRS Downgrades Credit Ratings on 11 Classes of CD 2017-CD4 Mortgage Trust
- Morningstar DBRS Confirms Credit Ratings on All Classes of BBCMS Mortgage Trust 2022-C16
- Morningstar DBRS Confirms All Credit Ratings of CSAIL 2018-CX12 Commercial Mortgage Trust
- Morningstar DBRS Discontinues Credit Ratings on All Remaining Classes of BDS 2020-FL5 Ltd.
- Morningstar DBRS Discontinues Credit Ratings on All Remaining Classes of BDS 2021-FL8 Ltd.
- Morningstar DBRS Downgrades Credit Ratings on All Classes of WFLD 2014-MONT Mortgage Trust
- Morningstar DBRS Confirms LNR Partners' Commercial Mortgage Special Servicer Ranking
- Morningstar DBRS Discontinues Credit Ratings on all Classes of MAD Mortgage Trust 2017-330M
- Morningstar DBRS Downgrades Four Classes of Wells Fargo Commercial Mortgage Trust 2016-C36
- Morningstar DBRS Discontinues Credit Rating on All Classes of DBUBS 2017-BRBK Mortgage Trust
- Morningstar DBRS Downgrades Credit Ratings on Seven Classes of COMM 2014-UBS4 Mortgage Trust
- Morningstar DBRS Confirms All Credit Ratings on Citigroup Commercial Mortgage Trust 2019-C7
- Morningstar DBRS Assigns Provisional Credit Ratings to Atrium Hotel Portfolio Trust 2024-ATRM
- Morningstar DBRS Assigns Provisional Credit Ratings to BX Commercial Mortgage Trust 2024-GPA2
- Morningstar DBRS Confirms Remaining Credit Rating of WFRBS Commercial Mortgage Trust 2013-C18
- Morningstar DBRS Discontinues Credit Ratings on All Classes of FS Rialto 2022-FL6 Issuer, LLC
- Morningstar DBRS Discontinues Credit Ratings on All Remaining Classes of LUXE Trust 2021-TRIP
- Morningstar DBRS Downgrades Credit Rating on One Class of Ashford Hospitality Trust 2018-KEYS
- Morningstar DBRS Downgrades Credit Ratings on Three Classes of COMM 2013-CCRE7 Mortgage Trust
- Morningstar DBRS Assigns Provisional Credit Ratings to BPR Commercial Mortgage Trust 2024-PARK
- Morningstar DBRS Confirms All Credit Ratings of Ready Capital Mortgage Financing 2021-FL7, LLC
- Morningstar DBRS Confirms All Credit Ratings of Wells Fargo Commercial Mortgage Trust 2017-RC1
- Morningstar DBRS Confirms All Credit Ratings of Wells Fargo Commercial Mortgage Trust 2019-C49
- Morningstar DBRS Confirms All Credit Ratings on Wells Fargo Commercial Mortgage Trust 2018-C43
- Morningstar DBRS Confirms All Credit Ratings on Wells Fargo Commercial Mortgage Trust 2019-C53
- Morningstar DBRS Assigns Provisional Credit Ratings to Pure Industrial Issuer Trust Canada
- Morningstar DBRS Assigns Provisional Credit Ratings to Morgan Stanley Capital I Trust 2024-NSTB
- Morningstar DBRS Finalizes Provisional Credit Ratings on Atrium Hotel Portfolio Trust 2024-ATRM
- Morningstar DBRS Confirms All Credit Ratings on All Classes of Benchmark 2022-B36 Mortgage Trust
- Morningstar DBRS Publishes Updated Methodology for Commercial Mortgage Servicer Rankings
- Morningstar DBRS Confirms Credit Ratings on All Classes of FS Commercial Mortgage Trust 2023-4SZN
- Morningstar DBRS Downgrades Credit Ratings on Two Classes of A10 Revolving Asset Financing I, LLC
- Morningstar DBRS Finalized Provisional Credit Ratings on Morgan Stanley Capital I Trust 2024-NSTB
- Morningstar DBRS Changes Trends on Two Classes of VMC Finance 2022-FL5 LLC to Negative from Stable
- Morningstar DBRS Confirms Credit Ratings on All Classes of Morgan Stanley Capital I Trust 2020-HR8
- Morningstar DBRS Confirms Credit Ratings on All Classes of CSAIL 2019-C16 Commercial Mortgage Trust
- Morningstar DBRS Confirms Credit Ratings on All Classes of ILPT Commercial Mortgage Trust 2022-LPF2
- Morningstar DBRS Downgrades Credit Ratings on Two Classes of Morgan Stanley Capital I Trust 2018-H3
- Morningstar DBRS Confirms All Credit Ratings on Real Estate Asset Liquidity Trust, Series 2016-2
- Morningstar DBRS Confirms All Credit Ratings on Real Estate Asset Liquidity Trust, Series 2020-1
- Morningstar DBRS Confirms All Credit Ratings on Arbor Multifamily Mortgage Securities Trust 2021-MF3
- Morningstar DBRS Discontinues Credit Rating on All Classes of Atrium Hotel Portfolio Trust 2018-ATRM
- Morningstar DBRS Confirms All Credit Ratings on Arbor Multifamily Mortgage Securities Trust 2021-MF2
- Morningstar DBRS Confirms Credit Ratings on All Classes of Shelter Growth CRE 2022-FL4 Issuer Limited
- Morningstar DBRS Discontinues Credit Ratings on All Remaining Classes of Cold Storage Trust 2020-ICE5
- Morningstar DBRS Downgrades Credit Ratings on Eight Classes of Morgan Stanley Capital I Trust 2019-L2
- Morningstar DBRS Confirms Credit Ratings on All Classes of Citigroup Commercial Mortgage Trust 2017-B1
- Morningstar DBRS Downgrades One Class of JP Morgan Chase Commercial Mortgage Securities Trust 2013-C16
- Morningstar DBRS Confirms All Credit Ratings of Arbor Realty Commercial Real Estate Notes 2022-FL2, LLC
- Morningstar DBRS Downgrades Credit Ratings of Three Classes of Morgan Stanley Capital I Trust 2019-PLND
- Morningstar DBRS Downgrades Credit Rating on One Class of Ready Capital Mortgage Financing 2022-FL8, LLC
- Morningstar DBRS Confirms Credit Ratings on All Classes of Wells Fargo Commercial Mortgage Trust 2021-C60
- Morningstar DBRS Discontinues Credit Rating on Remaining Class of KKR Industrial Portfolio Trust 2021-KDIP
- Morningstar DBRS Downgrades Credit Ratings on Nine Classes of Benchmark 2019-B11 Commercial Mortgage Trust
- Morningstar DBRS Confirms All Credit Ratings of Morgan Stanley Bank of America Merrill Lynch Trust 2017-C33
- Morningstar DBRS Confirms Credit Ratings on All Classes of Real Estate Asset Liquidity Trust, Series 2016-1
- Morningstar DBRS Upgrades Credit Ratings on Eight Classes of Real Estate Asset Liquidity Trust, Series 2017
- Morningstar DBRS Discontinues Credit Rating on Remaining Class of Multi Security Asset Trust LP, Series 2005-RR4
- Morningstar DBRS Upgrades Credit Ratings on Three Classes of Real Estate Asset Liquidity Trust, Series 2018-1
- Morningstar DBRS Downgrades and Discontinues Credit Rating on One Class of Morgan Stanley Capital I Trust 2015-UBS8
- DBRS Morningstar Confirms Credit Ratings on MF1 2022-FL10 LLC; Changes Trend on Nine Classes to Negative from Stable
- Morningstar DBRS Places Wells Fargo Commercial Mortgage Servicing's Rankings Under Review With Negative Implications
- Morningstar DBRS Discontinues Credit Ratings on All Classes of Real Estate Asset Liquidity Trust, Series 2019-HBC
- Morningstar DBRS Confirms All Credit Ratings on COMM 2013-CCRE11 Mortgage Trust, Changes Trends to Negative from Stable
- Morningstar DBRS Discontinues Credit Ratings on All Remaining Classes of GS Mortgage Securities Corporation Trust 2017-SLP
- Morningstar DBRS Confirms Credit Ratings on All Classes of Institutional Mortgage Securities Canada Inc., Series 2016-7
- Morningstar DBRS Discontinues Credit Ratings on All Remaining Classes of GS Mortgage Securities Corporation Trust 2018-HULA
- Morningstar DBRS Confirms Rialto Capital Advisors, LLC's Commercial Mortgage Special Servicer Ranking, Positive Trend
- Morningstar DBRS Downgrades Credit Rating on One Class of CD 2019-CD8, Changes Trends on Five Classes to Stable from Negative
- Morningstar DBRS Confirms Servicer Rankings for Midland Loan Services; Trend for Master Servicer Ranking Remains Positive
- DBRS Morningstar Confirms Credit Ratings on FS Rialto 2022-FL5 Issuer, LLC; Changes Trend on Two Classes to Negative from Stable
- Morningstar DBRS Confirms All Credit Ratings on FS Rialto 2022-FL6 Issuer, LLC; Changes Trend on Class G to Negative from Stable
- Morningstar DBRS Places All Classes of SG Commercial Mortgage Securities Trust 2020-COVE Under Review With Negative Implications
- Morningstar DBRS Confirms Credit Ratings on All Classes of MF1 2022-FL8 Ltd.; Changes Trend to Negative from Stable on Two Classes
- Morningstar DBRS Confirms Credit Ratings on All Classes of MF1 2022-FL9, LLC; Changes Trend to Negative from Stable on Nine Classes
- Morningstar DBRS Downgrades 10 Credit Ratings on Morgan Stanley Capital I Trust 2018-L1, Confirms Credit Ratings on Remaining Classes
- Morningstar DBRS Changes Trends on Nine Classes of STWD 2022-FL3, Ltd. to Negative from Stable, Confirms Credit Ratings on All Classes
- Morningstar DBRS Downgrades Credit Ratings on Seven Classes of DBJPM 2016-C1 Mortgage Trust, Maintains Negative Trends on Three Classes
- Morningstar DBRS Confirms Credit Ratings on 29 Freddie Mac CMBS Transactions, One LIHTC Transaction, and 30 Freddie Mac SPC Transactions
- Morningstar DBRS Confirms Credit Ratings on All Classes of HGI CRE CLO 2022-FL3, LLC; Changes Trend to Negative from Stable on One Class
- Morningstar DBRS Assigns Provisional Credit Ratings to Legends (Kansas City, KS) SASB Pass-Through Trust Certificates, Series 2024-LEGENDS
- Morningstar DBRS Confirms Credit Ratings on All Classes of RIAL 2022-FL8 Issuer, Ltd., Changes Trend to Negative from Stable on Two Classes
- Morningstar DBRS Takes Credit Rating Actions on 38 Freddie Mac Transactions, 38 Freddie Mac SPC Transactions, and Nine ReREMIC Transactions
- Morningstar DBRS Discontinues Credit Ratings on All Remaining Classes of Institutional Mortgage Securities Canada Inc., Series 2014-5
- Morningstar DBRS Changes Trends on Six Classes of BBCMS Mortgage Trust 2020-C6 to Negative from Stable, Confirms Credit Ratings on All Classes
- Morningstar DBRS Changes Trends on Three Classes of CD 2017-CD6 Mortgage Trust to Negative From Stable, Confirms Credit Ratings on All Classes
- Morningstar DBRS Downgrades Credit Ratings on 11 Classes of BBCMS Mortgage Trust 2018-C2, Changes Trends on 12 Classes to Stable from Negative
- Morningstar DBRS Changes Trends on Three Classes of BBCMS Mortgage Trust 2020-C8 to Negative from Stable, Confirms Credit Ratings on All Classes
- Morningstar DBRS Downgrades Credit Ratings on Four Classes of BBCMS Mortgage Trust 2020-C7, Changes Trends on Two Classes to Negative from Stable
- Morningstar DBRS Changes Trends on Seven Classes of COMM 2015-CCRE27 Mortgage Trust to Negative from Stable, Confirms Credit Ratings on All Classes
- Morningstar DBRS Changes Trends on Seven Classes of Benchmark 2022-B34 Mortgage Trust to Negative from Stable, Confirms Credit Ratings on All Classes
- Morningstar DBRS Confirms Credit Ratings on All Classes of Benchmark 2022-B35 Mortgage Trust, Changes Trends on Eight Classes to Negative from Stable
- Morningstar DBRS Downgrades Credit Ratings on Five Classes of COMM 2015-CCRE26 Mortgage Trust, Changes Trends on Four Classes to Stable from Negative
- Morningstar DBRS Downgrades Credit Ratings on Two Classes of Benchmark 2019-B15 Mortgage Trust, Changes Trends on Seven Classes to Negative from Stable
- Morningstar DBRS Changes Trends on Five Classes of GS Mortgage Securities Trust 2019-GC42 to Negative from Stable, Confirms Credit Ratings on All Classes
- Morningstar DBRS Confirms Credit Ratings on All Classes of GS Mortgage Securities Trust 2020-GC45, Changes Trends on Five Classes to Negative from Stable
- Morningstar DBRS Downgrades Credit Ratings on Two Classes of WFRBS Commercial Mortgage Trust 2014-C25, Changes Trends on Six Classes to Negative from Stable
- Morningstar DBRS Downgrades Credit Rating of One Class of Wells Fargo Commercial Mortgage Trust 2018-C45; Changes Trend on Class H-RR to Negative from Stable
- Morningstar DBRS Downgrades Credit Ratings on 14 Classes of Benchmark 2019-B9 Commercial Mortgage Trust, Changes Trends on 10 Classes to Stable from Negative
- Morningstar DBRS Downgrades Credit Ratings on 17 Classes of Citigroup Commercial Mortgage Trust 2017-P8, Changes Trends on 15 Classes to Stable from Negative
- Morningstar DBRS Downgrades Credit Ratings on Five Classes of CSAIL 2018-CX11 Commercial Mortgage Trust, Changes Trends on Two Classes to Stable from Negative
- Morningstar DBRS Downgrades Credit Ratings on Five Classes of CSAIL 2019-C15 Commercial Mortgage Trust, Changes Trends on Nine Classes to Stable From Negative
- Morningstar DBRS Downgrades Credit Ratings on Two Classes of Key Commercial Mortgage Trust 2018-S1, Changes Trend on One Credit Rating to Stable From Negative
- Morningstar DBRS Changes Trends on Four Classes of Citigroup Commercial Mortgage Trust 2016-C2 to Stable from Negative, Confirms Credit Ratings on All Classes
- Morningstar DBRS Changes Trends on Four Classes of Wells Fargo Commercial Mortgage Trust 2016-LC25 to Negative from Stable, Confirms Credit Ratings on All Classes
- Morningstar DBRS Confirms Credit Ratings on All Classes of Wells Fargo Commercial Mortgage Trust 2015-LC22, Changes Trends on Five Classes to Negative from Stable
- Morningstar DBRS Downgrades Credit Ratings on Eight Classes of Wells Fargo Commercial Mortgage Trust 2017-RB1 and Confirms Remaining Credit Ratings, Negative Trends
- Morningstar DBRS Changes Trends on Four Classes of Morgan Stanley Bank of America Merrill Lynch Trust 2015-C24 to Negative from Stable, Confirms Credit Ratings on All Classes
- Morningstar DBRS Downgrades Credit Ratings on Three Classes of Citigroup Commercial Mortgage Trust 2019-GC41, Changes Trends on Three Additional Classes to Negative from Stable
- Morningstar DBRS Confirms Credit Ratings on All Classes of Bank of America Merrill Lynch Commercial Mortgage Trust 2017-BNK3, Changes Trends on Four Classes to Negative From Stable
- Morningstar DBRS Finalizes Provisional Credit Ratings on Compass Datacenters Issuer II, LLC, Series 2024-2 (Compass 2024-2) and Confirms Credit Ratings on Compass Datacenters Issuer II, LLC, Series 2024-1 (Compass 2024-1)
Contacts
Michael Merriam
Senior Vice President, Operational Risk - North American CMBS
+1 203 929 4007
michael.merriam@morningstar.com- Kathleen Tillwitz
Managing Director - US Structured Finance Ratings, Operational Risk
+(1) 212 806 3265
kathleen.tillwitz@morningstar.com - Erin Stafford
Managing Director - North American Real Estate Ratings
+(1) 312 332 3291
erin.stafford@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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