CORE 2019-CORE Mortgage Trust Certificates Assigned Ratings

  • CORE 2019-CORE Mortgage Trust's issuance is a CMBS transaction backed by the borrower's fee simple and leasehold interests in four office properties, one mixed-use office/retail property, and two biomedical office properties. The properties are located in New York, Pennsylvania, Virginia, and Maryland.
  • We assigned our ratings to the class A, B, C, and D certificates.
  • The ratings reflect our view of the collateral's historic and projected performance, the sponsor's and manager's experience, the trustee-provided liquidity, the loan's terms, and the transaction's structure, among other factors.
 
SAN FRANCISCO (S&P Global Ratings) March 15, 2019--S&P Global Ratings today 
assigned its ratings to CORE 2019-CORE Mortgage Trust's commercial mortgage 
pass-through certificates series 2019-CORE (see list).

The note issuance is a commercial mortgage-backed securities (CMBS) 
transaction backed by the borrower's fee simple and leasehold interests in 
four office properties, one mixed-use office/retail property, and two 
biomedical office properties. The properties are located in New York, 
Pennsylvania, Virginia, and Maryland.

The ratings reflect our view of the collateral's historic and projected 
performance, the sponsor's and manager's experience, the trustee-provided 
liquidity, the loan's terms, and the transaction's structure.