U.S. Markets closed

WFRBS Commercial Mortgage Trust 2014-C22 -- Moody's affirms eight classes of WFRBS 2014-C22

The ratings on the P&I classes were affirmed due to their credit support in relation to 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), being within acceptable ranges. Moody's rating action reflects a base expected loss of 8.6% of the current pooled balance, compared to 7.5% at Moody's last review. Moody's base expected loss plus realized losses is now 7.9% of the original pooled balance, compared to 7.2% at the last review.