Morningstar Credit Ratings Assigns Preliminary Ratings for Wells Fargo Commercial Mortgage Trust 2015-SG1, Commercial Mortgage Pass-Through Certificates, Series 2015-SG1 (WFCM 2015-SG1)

Aug 10, 2015, 14:19 ET from Morningstar, Inc.

NEW YORK, Aug. 10, 2015 /PRNewswire/ -- Morningstar Credit Ratings, LLC today assigned preliminary ratings for the commercial mortgage-backed securities (CMBS) transaction Wells Fargo Commercial Mortgage Trust 2015-SG1, Commercial Mortgage Pass-Through Certificates, Series 2015-SG1 (WFCM 2015-SG1). The collateral supporting WFCM 2015-SG1 consists of 72 mortgage loans secured by 77 commercial real estate properties. The preliminary ratings are based on information known to Morningstar as of Aug. 10, 2015.

Preliminary Ratings (as of Aug. 10, 2015)

Class

Balance/Notional Amt. ($)

Morningstar Preliminary Rating

Credit Support Level (%)

Offered Certificates



Class A-1

30,306,000

AAA

30.000

Class A-2

17,909,000

AAA

30.000

Class A-3

6,600,000

AAA

30.000

Class A-4

391,844,000

AAA

30.000

Class A-SB

54,770,000

AAA

30.000

Class A-S

41,189,000

AAA

24.250

Class X-A

542,618,000

AAA

N/A

Class X-B

77,901,000

AAA

N/A

Class B

44,771,000

AA

18.000

Class C

33,130,000

A-

13.375

Class PEX

119,090,000

A-

13.375

Class D

38,503,000

BBB

8.000

Non-Offered Certificates



Class X-E

17,908,000

AAA

N/A

Class X-F

8,059,000

AAA

N/A

Class X-G

31,339,406

AAA

N/A

Class A-4FL

391,844,000

AAA

30.000

Class A-4FX

0

AAA

30.000

Class E

17,908,000

BB-

5.500

Class F

8,059,000

B+

4.375

Class G

31,339,406

NR

0.000





NR – Not Rated

Morningstar's Presale Analysis Package, including the Presale Report, Asset Summary Reports, Loan Analysis Summary Table, Rule 17g-7 Disclosures and Certification, and the Representations, Warranties, and Enforcement Mechanisms, is available under the Ratings Reports tab at https://ratingagency.morningstar.com. Morningstar could receive subsequent information that may result in 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) offering 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 more than 500,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 16 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, with more than $180 billion in assets under advisement and management as of June 30, 2015. The company has operations in 27 countries.

Morningstar, Inc. is not an NRSRO and does not issue credit ratings.

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Media Contact:  Michelle Weiss, +1 267-960-6014 or michelle.weiss@morningstar.com

 

SOURCE Morningstar, Inc.



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