Eight BANK 2017-BNK6 Ratings Lowered And Four 'AAA (sf)' Ratings Affirmed - S&P Global Ratings’ Credit Research

Eight BANK 2017-BNK6 Ratings Lowered And Four 'AAA (sf)' Ratings Affirmed

Eight BANK 2017-BNK6 Ratings Lowered And Four 'AAA (sf)' Ratings Affirmed - S&P Global Ratings’ Credit Research
Eight BANK 2017-BNK6 Ratings Lowered And Four 'AAA (sf)' Ratings Affirmed
Published Apr 14, 2025
9 pages (3734 words) — Published Apr 14, 2025
Price US$ 150.00  |  Buy this Report Now

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Abstract:

BANK 2017-BNK6 is a U.S. CMBS conduit transaction backed by 63 fixed-rate loans, down from 72 loans at issuance. We lowered our ratings on eight classes and affirmed our 'AAA (sf)' ratings on four other classes from the transaction. The rating actions reflect our revised and lowered expected-case valuations on three loans comprising 10.7% of the pooled trust balance. They also reflect our further revised and lowered net cash flows since our last review in August 2024 for the lodging portfolio securing the Starwood Capital Hotel Portfolio loan (7.7%) and office property securing the Hall Office G4 loan (2.2%) due to reported continuing declines in operating performance below our expectations. NEW YORK (S&P Global Ratings) April 14, 2025--S&P Global Ratings

  
Brief Excerpt:

...- BANK 2017-BNK6 is a U.S. CMBS conduit transaction backed by 63 fixed-rate loans, down from 72 loans at issuance. - We lowered our ratings on eight classes and affirmed our '### (sf)' ratings on four other classes from the transaction. - The rating actions reflect our revised and lowered expected-case valuations on three loans comprising 10.7% of the pooled trust balance. They also reflect our further revised and lowered net cash flows since our last review in August 2024 for the lodging portfolio securing the Starwood Capital Hotel Portfolio loan (7.7%) and office property securing the Hall Office G4 loan (2.2%) due to reported continuing declines in operating performance below our expectations. NEW YORK (S&P Global Ratings) April 14, 2025--S&P Global Ratings today lowered its ratings on eight classes of commercial mortgage pass-through certificates from BANK 2017-BNK6, a U.S. CMBS conduit transaction. At the same time, we affirmed our '### (sf)' ratings on four other classes from the...

  
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MLA:
S&P Global Ratings’ Credit Research. "Eight BANK 2017-BNK6 Ratings Lowered And Four 'AAA (sf)' Ratings Affirmed" Apr 14, 2025. Alacra Store. May 13, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Eight-BANK-2017-BNK6-Ratings-Lowered-And-Four-AAA-sf-Ratings-Affirmed-3352687>
  
APA:
S&P Global Ratings’ Credit Research. (). Eight BANK 2017-BNK6 Ratings Lowered And Four 'AAA (sf)' Ratings Affirmed Apr 14, 2025. New York, NY: Alacra Store. Retrieved May 13, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Eight-BANK-2017-BNK6-Ratings-Lowered-And-Four-AAA-sf-Ratings-Affirmed-3352687>
  
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