CSAIL 2019-C17 Commercial Mortgage Trust Certificates Assigned Preliminary Ratings

CSAIL 2019-C17 Commercial Mortgage Trust's issuance is an CMBS
transaction backed by 37 commercial mortgage loans with an aggregate
principal balance of $800.415 million ($682.354 million of offered
certificates), secured by the fee or leasehold interest in 81 properties
across 24 states.
We assigned our preliminary ratings to the class A-1, A-2, A-3, A-4, A-5,
A-SB, X-A, and A-S notes.
The preliminary ratings reflect our view of the transaction's credit
support provided by the transaction's structure, the underlying
collateral's economics, and the trustee-provided liquidity, among other
factors.

NEW YORK (S&P Global Ratings) Sept. 11, 2019--S&P Global Ratings today
assigned its preliminary ratings to CSAIL 2019-C17 Commercial Mortgage Trust's
commercial mortgage pass-through certificates (see list).
The issuance is a CMBS transaction backed by 37 commercial mortgage loans with
an aggregate principal balance of $800.415 million ($682.354 million of
offered certificates), secured by the fee or leasehold interest in 81
properties across 24 states.
The preliminary ratings are based on information as of Sept. 11, 2019.
Subsequent information may result in the assignment of final ratings that
differ from the preliminary ratings.
The preliminary ratings reflect the credit support provided by the
transaction's structure, our view of the underlying collateral's economics,
the trustee-provided liquidity, the collateral pool's relative diversity, and
our overall qualitative assessment of the transaction.
S&P Global Ratings determined that the collateral pool has, on a weighted
average basis, debt service coverage (DSC) of 1.56x and beginning and ending
loan-to-value (LTV) ratios of 98.7% and 90.1%, respectively, based on our
values.
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