DBRS Morningstar Discontinues Rating on Freddie Mac Structured Pass-Through Certificates, Series K-716.
ENPNewswire-July 21, 2021--DBRS Morningstar Discontinues Rating on Freddie Mac Structured Pass-Through Certificates, Series K-716
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Release date- 20072021 - DBRS, Inc. (DBRS Morningstar) discontinued the rating on Classes A-2 and X1 of the Freddie Mac Structured Pass-Through Certificates, Series K-716.
These classes, which were the last remaining DBRS Morningstar-rated principal class and interest-only class in the deal, were paid off with the June 2021 remittance. DBRS Morningstar does not rate the sole remaining class in the deal, Class X3. Therefore, this concludes DBRS Morningstar's surveillance of this transaction.
A description of how DBRS Morningstar considers 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 at https://www.dbrsmorningstar.com/research/373262.
Notes:
The principal methodology is the North American CMBS Surveillance Methodology (March 26, 2021), which can be found on dbrsmorningstar.com under Methodologies & Criteria. For a list of the structured-finance-related methodologies that may be used during the rating process, please see the DBRS Morningstar Global Structured Finance Related Methodologies document, which can be found on dbrsmorningstar.com in the Commentary tab under Regulatory Affairs. Please note that not every related methodology listed under a principal structured finance asset class methodology may be used to rate or monitor an individual structured finance or debt obligation.
For more information regarding rating methodologies and Coronavirus Disease (COVID-19), please see the following DBRS Morningstar press release: https://www.dbrsmorningstar.com/research/357883.
For more information regarding structured finance rating methodologies and Coronavirus Disease (COVID-19), please see the following DBRS Morningstar press release: https://www.dbrsmorningstar.com/research/358308.
For more information regarding the structured finance rating approach and Coronavirus Disease (COVID-19), please see the following DBRS Morningstar press release...
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