Ratings Affirmed On Seven Classes From Morgan Stanley Capital I Trust 2013-ALTM

OVERVIEW We affirmed our ratings on seven classes from Morgan Stanley Capital I Trust 2013-ALTM, a U.S. CMBS transaction. The affirmations reflect our analysis of the collateral's credit characteristics and performance, as well as the transaction's structure and the liquidity available to the trust. CENTENNIAL (S&P Global Ratings) June 19, 2018--S&P Global Ratings today affirmed its ratings on seven classes of commercial mortgage pass-through certificates from Morgan Stanley Capital I Trust 2013-ALTM , a U.S. commercial mortgage-backed securities (CMBS) transaction (see list). For the affirmations, our expectation of credit enhancement was in line with the affirmed rating levels. We affirmed our rating on the class X-A interest-only (IO) certificates based on our criteria for rating IO securities, in which the

...OVERVIEW We affirmed our ratings on seven classes from Morgan Stanley Capital I Trust + 2013-ALTM, a U.S. CMBS transaction. The affirmations reflect our analysis of the collateral's credit characteristics + and performance, as well as the transaction's structure and the liquidity available to the trust. CENTENNIAL (S&P Global Ratings) June 19, 2018--S&P Global Ratings today affirmed its ratings on seven classes of commercial mortgage pass-through certificates from Morgan Stanley Capital I Trust 2013-ALTM, a U.S. commercial mortgage-backed securities (CMBS) transaction (see list). For the affirmations, our expectation of credit enhancement was in line with the affirmed rating levels. We affirmed our rating on the class X-A interest-only (IO) certificates based on our criteria for rating IO securities, in which the rating on the IO securities would not be higher than that of the lowest rated reference class. Class X-A's notional balance references classes A-1 and A-2. This is a stand-alone...

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