Morningstar Credit Ratings DealView Surveillance Reports for CMBS Transactions Rated at Issuance Now Available to All Investors

NEW YORK, June 2, 2014 /PRNewswire/ -- Morningstar Credit Ratings, LLC today announced its commercial mortgage-backed securities (CMBS) DealViewSM surveillance reports, for public deals it was selected to rate at issuance, are now available to all investors, portfolio managers, analysts, and traders at https://ratingagency.morningstar.com.

"We're addressing investor demand for more transparency and access to our industry-leading surveillance coverage of CMBS transactions through this initiative," Vickie Tillman, president of Morningstar Credit Ratings, said. "Since 2001, we've provided subscribers of our CMBS ratings and surveillance product with comprehensive monthly reports for the vast majority of secondary market CMBS transactions. We are now expanding the availability of our industry leading DealViewSM surveillance reports, for transactions we are selected to rate at issuance, to a significantly larger number of CMBS investors."

Morningstar provides ratings for more than 600 CMBS transactions and thousands of CMBS securities. Morningstar's CMBS ratings and surveillance services are designed for portfolio managers, analysts, and traders in the CMBS market. The Morningstar CMBS DealViewSM surveillance report, which is updated monthly, includes a comprehensive credit review, in-depth loan and property analysis, applicable letter ratings, and rating outlooks, for a CMBS transaction. Morningstar's ratings and surveillance process involves detailed loan- and property-level analyses, a review of operating cash flow, tenant base, property condition, and market performance, as well as timely reviews of credit events affecting the CMBS market.

More information about Morningstar's CMBS ratings and surveillance services is available at https://ratingagency.morningstar.com.

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 456,000 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 registered investment advisor subsidiaries and had approximately $164 billion in assets under advisement and management as of March 31, 2014. The company has operations in 27 countries.

Morningstar, Inc. is not an NRSRO and its credit ratings on corporate and municipal issuers are not NRSRO credit ratings.

©2014 Morningstar, Inc. All Rights Reserved.

MORN-R

Media Contacts:
Michelle Weiss, +1 267-960-6014 or michelle.weiss@morningstar.com
Nadine Youssef, +1 312-696-6601 or nadine.youssef@morningstar.com

SOURCE Morningstar, Inc.



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