With more CMBS transactions coming to market, Fitch Ratings has enhanced its reports for newly issued deals in the sector.
The first such report was released yesterday for an upcoming JPMorgan CMBS multiborrower deal, according to Fitch.
New features include ratings sensitivities, deterministic tests, and drivers of the variance between issuer cash flows and Fitch cash flows on each loan Fitch reviews, the agency said.
“The presale will provide investors with some of the benefits of a seat at the credit committee through access to key rating drivers, and in-depth analytical notes and commentary on cash flow analysis and site inspections,” said Huxley Somerville, group managing director and head of Fitch’s U.S. CMBS group.
