DBRS Morningstar Discontinues Aegon USA Realty Advisors’ Commercial Mortgage Special Servicer Ranking

DBRS, Inc. (DBRS Morningstar) discontinued its MOR CS2 commercial mortgage special servicer ranking for Aegon USA Realty Advisors (Aegon). This action follows Aegon’s recently completed business exit as a special servicer for commercial mortgage-backed securities (CMBS) transactions. Aegon noted that it remains committed to non-CMBS asset management and special servicing for its affiliated and nonaffiliated investors.

All rankings are subject to surveillance, which could result in rankings being raised, lowered, placed under review, confirmed, or discontinued by DBRS Morningstar.

DBRS Morningstar North American commercial mortgage servicer rankings are not credit ratings. Instead, they are designed to evaluate the quality of the parties that service commercial mortgage loans. Although the servicer’s financial condition contributes to the applicable ranking, its relative importance is such that a servicer’s ranking should never be considered as a proxy of its creditworthiness.

Notes:
The principal methodology is North American Commercial Mortgage Servicer Rankings (September 3, 2021), which can be found on dbrsmorningstar.com under Methodologies & Criteria.

For more information on this industry, visit www.dbrsmorningstar.com or contact us at info@dbrsmorningstar.com.

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