PFP 2019-6, Ltd.: Surveillance Performance Update
DBRS, Inc. (DBRS Morningstar) upgraded its ratings on four classes of notes issued by PFP 2019-6, Ltd. and confirmed its rating on one class of notes. All classes have Stable trends. The rating upgrades reflect the increased credit support to the bonds as a result of successful loan repayment, as there has been collateral reduction of 73.1% since issuance with nine of the original 36 loans remaining in the trust as of February 2023 reporting.
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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