K-Star Asset Management LLC, an indirect subsidiary of global investment firm KKR&Co., was founded in April 2022 to provide real estate asset management services for its parent's real estate credit businesses, including acting as the special servicer in commercial mortgage-backed security transactions. We affirmed our overall AVERAGE ranking on K-Star Asset Management LLC as a commercial mortgage loan special servicer. The ranking outlook is stable. NEW YORK (S&P Global Ratings) April 2, 2024--S&P Global Ratings today affirmed its AVERAGE ranking on K-Star Asset Management LLC (K-Star) as a commercial mortgage loan special servicer. The ranking outlook is stable. Our ranking reflects K-Star's: Well-designed organizational structure and experienced senior management, which includes executives who previously held leadership positions at
