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Kroll Bond Rating Agency UK Limited: KBRA Assigns Ratings to Last Mile Securities


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Kroll Bond Rating Agency UK Limited (KBRA) is pleased to announce the assignment of ratings to seven classes of Last Mile Securities PE 2021 DAC, a CMBS single-borrower securitisation.
The collateral for the transaction consists of a €383.5 million limited recourse, first lien mortgage loan. The floating rate loan has a five-year term. The loan is secured by the borrowers interests in 49 primarily industrial assets across the Netherlands and Germany. The largest asset is 5.4% by allocated loan amount, while the 10 largest assets account for approximately 43.2% of the pool. The properties are leased to approximately 450 individual tenants, of which the largest represents 2.8% of gross rental income, and the top 10 represent 16.7%. The tenants comprise a variety of multinational, regional, and local firms. ....

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Kroll Bond Rating Agency UK Limited: KBRA Assigns Preliminary Ratings to Last Mile Securities


Kroll Bond Rating Agency UK Limited: KBRA Assigns Preliminary Ratings to Last Mile Securities - PE 2021 DAC
Disclosures
Further information on key credit considerations, sensitivity analyses that consider what factors can affect these credit ratings and how they could lead to an upgrade or a downgrade, and
ESG factors (where they are a key driver behind the change to the credit rating or rating outlook) can be found in the full rating report referenced above.
A description of all substantially material sources that were used to prepare the credit rating and information on the methodology(ies) (inclusive of any material models and sensitivity analyses of the relevant key rating assumptions, as applicable) used in determining the credit rating is available in the Information Disclosure Form(s) located here. ....

United Kingdom , City Of , Keith Kockenmeister , Kostenloser Wertpapierhandel , Stephen Hughes , Matthew Horner , Miten Amin , Ontario Securities Commission , United Kingdom Financial Conduct Authority , Kroll Bond Rating Agency Europe , Kroll Bond Rating Agency United Kingdom , Kroll Bond Rating Agency , Exchange Commission , Kroll Bond Rating Agency United Kingdom Limited , European Union , National Association Of Insurance Commissioners , Rating Committee , Business Development , Last Mile Securities , Structured Finance Counterparty Methodology , Information Disclosure Form , Kroll Bond Rating Agency Europe Limited , Bond Rating Agency , Bond Rating Agency Europe Limited , European Securities , Temporary Registration ,