FIP Master Funding I-IV And VI LLC Series 2022-1 Notes Assigned Preliminary Ratings

FIP Master Funding I-IV and VI LLC's series 2022-1 issuance is an ABS transaction backed by 182 commercial real estate properties, including related rents due under triple-net lease contracts with the properties' tenants. We assigned our preliminary ratings to the class A-1, A-2, and B-1 notes. The preliminary ratings reflect our view of the transaction's credit enhancement, the projected cash flows supporting the notes, and the transaction's legal and payment structure, among other factors. NEW YORK (S&P Global Ratings) Nov. 2, 2022--S&P Global Ratings today assigned its preliminary ratings to FIP Master Funding I-IV And VI LLC's net lease mortgage notes series 2022-1 (see list). The note issuance is an ABS transaction backed by 182 commercial real estate properties, including

...- FIP Master Funding I-IV and VI LLC's series 2022-1 issuance is an ABS transaction backed by 182 commercial real estate properties, including related rents due under triple-net lease contracts with the properties' tenants. - We assigned our preliminary ratings to the class A-1, A-2, and B-1 notes. - The preliminary ratings reflect our view of the transaction's credit enhancement, the projected cash flows supporting the notes, and the transaction's legal and payment structure, among other factors. NEW YORK (S&P Global Ratings) Nov. 2, 2022--S&P Global Ratings today assigned its preliminary ratings to FIP Master Funding I-IV And VI LLC's net lease mortgage notes series 2022-1 (see list). The note issuance is an ABS transaction backed by 182 commercial real estate properties, including related rents due under triple-net lease contracts with the properties' tenants. The preliminary ratings are based on information as of Nov. 2, 2022. Subsequent information may result in the assignment of final...

Ratings Action