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WFRBS Commercial Mortgage Trust 2014-C20 -- Moody's affirms ten classes of WFRBS 2014-C20

The ratings on the nine principal and interest (P&I) classes were affirmed because the transaction's key metrics, including Moody's loan-to-value (LTV) ratio, Moody's stressed debt service coverage ratio (DSCR) and the transaction's Herfindahl Index (Herf), are within acceptable ranges. Moody's rating action reflects a base expected loss of 4.0% of the current pooled balance, compared to 4.5% at Moody's last review. Moody's base expected loss plus realized losses is now 3.4% of the original pooled balance, compared to 4.3% at the last review.