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Kroll Bond Rating Agency Assigns Preliminary Ratings to PFP 2017-3

Kroll Bond Rating Agency (KBRA) is pleased to assign preliminary ratings to seven classes of the PFP 2017-3 transaction, a $567.4 million floating-rate commercial real estate collateralized loan obligation (CRE CLO) securitization.

The underlying collateral consists of 11 non-recourse whole loans and 16 pari passu participation interests indexed to the one-month London Interbank Offered Rate (LIBOR). The loan assets have an initial aggregate cut-off date principal balance of $564.9 million

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