NEW YORK--()--Kroll Bond Rating Agency (KBRA) withdrew its ratings from six classes of COMM 2011-STRT, a $191.3 million CMBS Single Borrower transaction.
The ratings withdrawal follows the full repayment of the rated securities as reflected on the transaction’s September 2012 remittance report. The underlying loan collateral was refinanced by German American Capital Corporation and securitized in the COMM 2012-LTRT, which was also rated by KBRA. For more information on COMM 2012-LTRT, please see our Pre-Sale Report, entitled “COMM 2012-LTRT”, which was published on September 20, 2012, at www.krollbondratings.com.
All Nationally Recognized Statistical Rating Organizations are required, pursuant to SEC Rule 17g-7, to provide a description of a transaction’s representations, warranties and enforcement mechanisms that are available to investors when issuing credit ratings. KBRA’s disclosure for this transaction can be found in the report entitled COMM 2011-STRT 17g7 Disclosure report.
Related publications (available at www.krollbondratings.com):
About Kroll Bond Rating Agency
KBRA was established in 2010 by Jules Kroll to restore trust in credit ratings by creating new standards for assessing risk and by offering accurate, clear and transparent ratings. KBRA is registered with the U.S. Securities and Exchange Commission as a Nationally Recognized Statistical Rating Organization (NRSRO). In addition, KBRA is recognized by the National Association of Insurance Commissioners (NAIC) as a Credit Rating Provider (CRP).