Morningstar Credit Ratings Assigns Preliminary Ratings to Morgan Stanley Capital I Trust 2015-UBS8, Commercial Mortgage Pass-Through Certificates, Series 2015-UBS8 (MSCI 2015-UBS8)

18 Nov, 2015, 15:49 ET from Morningstar, Inc.

NEW YORK, Nov. 18, 2015 /PRNewswire/ -- Morningstar Credit Ratings, LLC today assigned preliminary ratings to the commercial mortgage-backed securities (CMBS) transaction Morgan Stanley Capital I Trust 2015-UBS8, Commercial Mortgage Pass-Through Certificates, Series 2015-UBS8 (MSCI 2015-UBS8). The collateral supporting MSCI 2015-UBS8 consists of 57 mortgage loans secured by 72 commercial real estate properties. The preliminary ratings are based on information known to Morningstar as of Nov. 18, 2015.

Preliminary Ratings (as of Nov. 18, 2015)


Class

Balance/Notional Amt ($)

Morningstar Preliminary Rating

Credit Support Level (%)





Offered Certificates



Class A-1

32,700,000

AAA

30.000

Class A-2

6,300,000

AAA

30.000

Class A-SB

51,500,000

AAA

30.000

Class A-3

200,000,000

AAA

30.000

Class A-4

273,000,000

AAA

30.000

Class X-A

563,500,000

AAA

N/A

Class A-S

48,300,000

AAA

24.000

Class B

53,331,000

AA-

17.375

Class C

37,231,000

A-

12.750

Non-Offered Certificates



Class X-B

101,631,000

AAA

N/A

Class X-D

25,156,000

AAA

N/A

Class X-E

18,113,000

AAA

N/A

Class X-F

18,700,000

AAA

N/A

Class X-G

10,481,000

AAA

N/A

Class X-H

7,293,000

AAA

N/A

Class X-J

22,895,200

AAA

N/A

Class D

25,156,000

BBB

9.625

Class E

18,113,000

BBB-

7.375

Class F

18,700,000

BB-

5.052

Class G

10,481,000

B

3.750

Class H

7,293,000

B-

2.844

Class J

22,895,200

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 17 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 $170 billion in assets under advisement and management as of Sept. 30, 2015. The company has operations in 27 countries.

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