KBRA Affirms All Classes of WFCM 2016-BNK1
(World News USA)

KBRA Affirms All Classes of WFCM 2016-BNK1 NEW YORK, NY (August 10, 2018) - Kroll Bond Rating Agency (KBRA) affirms its outstanding ratings for all classes of WFCM 2016-BNK1, an $859.8 million CMBS conduit transaction collateralized by 39 commercial mortgage loans secured by 46 properties. The affirmations follow a surveillance review of the transaction, which has exhibited stable credit metrics since securitization. The transaction`s weighted average (WA) KBRA Loan-To-Value (KLTV) of 91.3% has increased from 90.8% at last review but has decreased from 91.7% at issuance. The KBRA Debt Service Coverage (KDSC) of 2.13x has decreased from 2.14x at last review but is in line with issuance. At...