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Citigroup Commercial Mortgage Trust 2016-P3 -- Moody's affirms seven classes of CGCMT 2016-P3

The ratings on six 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 5.2% of the current pooled balance, compared to 5.7% at Moody's last review. Moody's base expected loss plus realized losses is now 5.1% of the original pooled balance, compared to 5.7% at the last review.