CMBS rating questioned

Category: CMBS

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RA queries top rating on Elizabeth Finance 2018

The provisional triple-A rating from DBRS on the senior notes of the £90.707m UK CMBS, Elizabeth Finance 2018, is ‘not supported’ by the transaction. This is according to a recent comment from Fitch which queries the validity of the rating, especially because repayments from refinancing borrowers will be repaid to note classes on a pro-rata basis.

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