We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type |
---|---|---|---|
Morningstar Inc | NASDAQ:MORN | NASDAQ | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
4.95 | 1.68% | 298.98 | 298.01 | 299.89 | 300.02 | 295.99 | 295.99 | 87,784 | 23:57:31 |
NEW YORK, July 23, 2014 /PRNewswire/ -- Morningstar Credit Ratings, LLC today assigned preliminary ratings for the commercial mortgage-backed securities (CMBS) transaction Morgan Stanley Bank of America Merrill Lynch Trust 2014-C17, Commercial Mortgage Pass-Through Certificates, Series 2014-C17 (MSBAM 2014-C17). The preliminary ratings are based on information known to Morningstar as of July 23, 2014.
PRELIMINARY RATINGS (AS OF JULY 23, 2014) | |||||||
Class |
Balance / Notional Amount |
Preliminary Ratings |
Morningstar DSCR |
Morningstar BLTV |
Morningstar ELTV |
Credit Support Levels | |
Class A‑1 |
$40,800,000 |
AAA |
2.36x |
66.5% |
56.5% |
30.000% | |
Class A‑2 |
$174,800,000 |
AAA |
2.36x |
66.5% |
56.5% |
30.000% | |
Class A‑SB |
$74,400,000 |
AAA |
2.36x |
66.5% |
56.5% |
30.000% | |
Class A‑3 |
$59,800,000 |
AAA |
2.36x |
66.5% |
56.5% |
30.000% | |
Class A‑4 |
$170,000,000 |
AAA |
2.36x |
66.5% |
56.5% |
30.000% | |
Class A‑5 |
$205,991,000 |
AAA |
2.36x |
66.5% |
56.5% |
30.000% | |
Class X‑A |
$769,857,000 |
AAA |
2.36x |
66.5% |
56.5% |
N/A | |
Class A‑S |
$44,066,000 |
AAA |
2.36x |
66.5% |
56.5% |
25.750% | |
Class B |
$81,651,000 |
AA |
2.14x |
73.5% |
63.6% |
17.875% | |
Class PST |
$185,336,000 |
A- |
2.00x |
78.7% |
68.8% |
12.125% | |
Class C |
$59,619,000 |
A- |
2.00x |
78.7% |
68.8% |
12.125% | |
NON-OFFERED CERTIFICATES |
|||||||
Class X‑B |
$141,270,000 |
AAA |
2.36x |
66.5% |
56.5% |
N/A | |
Class X‑C |
$79,059,774 |
AAA |
2.36x |
66.5% |
56.5% |
N/A | |
Class D |
$46,658,000 |
BBB- |
1.90x |
82.7% |
72.8% |
7.625% | |
Class E |
$25,817,000 |
BB |
1.85x |
84.9% |
75.0% |
5.135% | |
Class F |
$14,993,000 |
B |
1.82x |
86.2% |
76.3% |
3.689% | |
Class G |
$38,249,774 |
NR |
N/A |
N/A |
N/A |
N/A | |
NR – Not Rated |
The key characteristics of the portfolio of commercial real estate and multifamily mortgage loans supporting MSBAM 2014-C17 are:
Based on information provided on the arranger's website, Morningstar's analysis of the loans yielded the following Morningstar metrics:
For complete details about the preliminary ratings for this transaction, Morningstar's Presale Analysis Package, including the Presale Report, Asset Summary Reports, Loan Analysis Summary Table, and the Representations, Warranties, and Enforcement Mechanisms, is available under the "Ratings Reports" tab on https://ratingagency.morningstar.com. Information subsequently received could result in the assignment of final ratings that differ from the preliminary ratings.
About Morningstar Credit Ratings, LLC and Morningstar, Inc.
Morningstar Credit Ratings, LLC is a Nationally Recognized Statistical Rating Organization (NRSRO) that specializes in structured credit research and ratings, and offers a wide array of services including new-issue ratings and analysis, operational risk assessments, surveillance services, data, and technology solutions.
Morningstar Credit Ratings, LLC is a subsidiary of Morningstar, Inc. (NASDAQ: MORN), a leading provider of independent investment research in North America, Europe, Australia, and Asia.
Morningstar, Inc. offers an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors. Morningstar provides data on approximately 473,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 12 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $169 billion in assets under advisement and management as of June 30, 2014. The company has operations in 27 countries.
Morningstar, Inc. is not an NRSRO and its credit ratings on corporate issuers are not NRSRO credit ratings.
©2014 Morningstar, Inc. All Rights Reserved.
MORN-R
Media Contact:
Michelle Weiss, +1 267-960-6014 or michelle.weiss@morningstar.com
SOURCE Morningstar, Inc.
Copyright 2014 PR Newswire
1 Year Morningstar Chart |
1 Month Morningstar Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions