Morningstar Credit Ratings Assigns Preliminary Ratings to Wells Fargo Commercial Mortgage Trust 2016-NXS5, Commercial Mortgage Pass-Through Certificates, Series 2016-NXS5 (WFCM 2016-NXS5)
NEW YORK, Feb. 9, 2016 /PRNewswire/ -- Morningstar Credit Ratings, LLC today assigned preliminary ratings to the commercial mortgage-backed securities (CMBS) transaction Wells Fargo Commercial Mortgage Trust 2016-NXS5, Commercial Mortgage Pass-Through Certificates, Series 2016-NXS5 (WFCM 2016-NXS5). The collateral supporting WFCM 2016-NXS5 consists of 64 mortgage loans secured by 116 commercial real estate properties. The preliminary ratings are based on information disclosed and known to Morningstar as of Feb. 9, 2016.
NR – Not Rated
Morningstar's Presale Analysis Package, including the Presale Report; Asset Summary Reports; Loan Analysis Summary Table; Rule 17g-7 Disclosures and Certification; and the Representations, Warranties, and Enforcement Mechanisms, is available under the Structured Finance tab in the Ratings/Surveillance section at https://ratingagency.morningstar.com. Morningstar could receive subsequent information that may result in final ratings that differ from the preliminary ratings.
About Morningstar Credit Ratings, LLC and Morningstar, Inc.
Morningstar Credit Ratings, LLC is a subsidiary of Morningstar, Inc. (NASDAQ: MORN), a leading provider of independent investment research in North America, Europe, Australia, and Asia.
Morningstar, Inc. offers an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors. Morningstar provides data on more than 500,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 17 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries, with more than $170 billion in assets under advisement and management as of Sept. 30, 2015. The company has operations in 27 countries. Morningstar, Inc. is not an NRSRO and does not issue NRSRO credit ratings.
©2016 Morningstar, Inc. All Rights Reserved.
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/morningstar-credit-ratings-assigns-preliminary-ratings-to-wells-fargo-commercial-mortgage-trust-2016-nxs5-commercial-mortgage-pass-through-certificates-series-2016-nxs5-wfcm-2016-nxs5-300217516.html
SOURCE Morningstar, Inc.