FIP Master Funding Series 2024-1 Notes Assigned Preliminary Ratings

FIP Master Funding I-VI, VIII-XIV, XVI, XVII, XIX, XXIV, FIP Cranston, 401 Collins Boulevard LLC, and FIP Ontario Investments ULC's issuance is an ABS transaction backed by 330 commercial real estate properties, including related rents due under triple-net-lease contracts and modified triple-net-lease contracts with the properties' tenants. We assigned our preliminary ratings to the class A-1, A-2, and A-3 notes. The preliminary ratings reflect our view of the transaction's credit enhancement, projected cash flows, and legal and payment structures, among other factors. NEW YORK (S&P Global Ratings) Sept. 25, 2024--S&P Global Ratings today assigned its preliminary ratings to FIP Master Funding I-VI, VIII-XIV, XVI, XVII, XIX, XXIV, FIP Cranston, 401 Collins Boulevard LLC, and FIP Ontario Investments ULC's net lease

...- FIP Master Funding I-VI, VIII-XIV, XVI, XVII, XIX, XXIV, FIP Cranston, 401 Collins Boulevard LLC, and FIP Ontario Investments ULC's issuance is an ABS transaction backed by 330 commercial real estate properties, including related rents due under triple-net-lease contracts and modified triple-net-lease contracts with the properties' tenants. - We assigned our preliminary ratings to the class A-1, A-2, and A-3 notes. - The preliminary ratings reflect our view of the transaction's credit enhancement, projected cash flows, and legal and payment structures, among other factors. NEW YORK (S&P Global Ratings) Sept. 25, 2024--S&P Global Ratings today assigned its preliminary ratings to FIP Master Funding I-VI, VIII-XIV, XVI, XVII, XIX, XXIV, FIP Cranston, 401 Collins Boulevard LLC, and FIP Ontario Investments ULC's net lease mortgage notes series 2024-1 (see list). The preliminary ratings do not address post-anticipated repayment date additional interest. The note issuance is an ABS transaction...

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