Benchmark 2026-B44 Mortgage Trust's issuance is a U.S. CMBS securitization backed by 63 fixed-rate commercial mortgage loans with an aggregate principal balance of $805.084 million ($701.604 million of offered certificates), secured by the fee and/or leasehold interests in 79 properties across 23 states and the District of Columbia. We assigned our preliminary ratings to the class A-1, A-2, A-3, A-4, A-5, A-SB, X-A, A-S, and B certificates. The preliminary ratings reflect our view of the credit support provided by the transaction's structure, the underlying collateral's economics, the trustee-provided liquidity, the collateral pool's relative diversity, and our overall qualitative assessment of the transaction, among other factors. CHICAGO (S&P Global Ratings) Nov. 3, 2026--S&P Global Ratings today assigned its preliminary ratings to
