KKR Industrial Portfolio Trust 2021-KDIP: Rating Report
On June 17, 2021, DBRS Morningstar updated the KKR Industrial Portfolio Trust 2021-KDIP rating report to clarify that the original loan-to-value (LTV) figures in the Capital Structure table were based on Issuer Value/Appraised Value. For additional transparency and comparison, we have added a column for the DBRS Morningstar corresponding LTV, which is consistent with the DBRS Morningstar Value and DBRS Morningstar LTV concluded in its analysis of the transaction and that which was disclosed in the rating report and press release. The analysis and ratings have not changed as a result of this clarification.DBRS, Inc. (DBRS Morningstar) finalized its provisional ratings on the following classes of Commercial Mortgage Pass-Through Certificates, Series 2021-KDIP issued by KKR Industrial Portfolio Trust 2021-KDIP:
-- Class A at AAA (sf)
-- Class B at AA (high) (sf)
-- Class C at AA (low) (sf)
-- Class D at A (low) (sf)
-- Class E at BBB (low) (sf)
-- Class F at BB (low) (sf)
-- Class G at B (low) (sf)
DBRS Morningstar is a global credit ratings business with 700 employees in eight offices globally. DBRS and Morningstar Credit Ratings are committed to empowering investor success, serving the market through leading-edge technology and raising the bar for the industry.
Together, we are the world’s fourth largest credit ratings agency and a market leader in Canada, the U.S. and Europe in multiple asset classes. We rate more than 2,600 issuers and 54,000 securities worldwide and are driven to bring more clarity, diversity and responsiveness to the ratings process. Our approach and size provide the agility to respond to customers’ needs, while being large enough to provide the necessary expertise and resources. For more details visit us at dbrs.com.
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