Class K to BBB (sf)
The trend is stable.
The rating confirmation reflects DBRS Morningstar’s outlook for the loan remaining in the pool,
A description of how DBRS Morningstar views ESG factors within the DBRS Morningstar analytical framework can be found in the DBRS Morningstar Criteria: Approach to Environmental, Social and Governance Risk Factors in Credit Ratings https://www.dbrsmorningstar.com/research/373262.
All ratings are subject to oversight, which may result in ratings being upgraded, downgraded, reviewed, confirmed or discontinued by DBRS Morningstar.
The DBRS Viewpoint platform provides additional information about this transaction and the underlying loans, including DBRS Morningstar metrics, commentaries, cash flows reported by service agents, and other performance-related data.
For free access to this content, please subscribe to the DBRS Viewpoint platform at www.viewpoint.dbrsmorningstar.com. The platform includes issuer and server data for most open CMBS trades (including trades unrated by DBRS Morningstar), as well as loan and trade level comments for most trades. rated and monitored by DBRS Morningstar.
Remarks:
All figures are in
The main methodology is the North American CMBS Surveillance Methodology (
DBRS
Related regulatory disclosures under National Instrument 25-101 Designated Rating Organizations are incorporated by reference and can be viewed by clicking on the link under Related Documents or by contacting us at [email protected]
The rated entity or its related entities participated in the rating process for this rating action. DBRS Morningstar has had access to the accounts and other relevant internal documents of the rated entity or its related entities in connection with this rating action.
Please see the related appendix for more information on the sensitivity of the assumptions used in the rating process.
For more information on this credit or this industry, visit www.dbrsmorningstar.com or contact us at [email protected]
Phone. +1 416 593-5577
Reviews
Date Issued Debt Rated Action Rating Trend Attributesi
US = Lead Analyst based in the USA
CA = Lead Analyst based at
EU = Lead Analyst based in the EU
E = EU approved
U =
Unsolicited participation with access
Unsolicited participation without access
Unsolicited Non-participating
30-Dec-21 Commercial Mortgage Pass-Through Certificates, Series 2004-LNB2, Class K Confirmed BBB (sf) Stb CA