|Expense Ratio (net)||N/A|
|Last Cap Gain||N/A|
|Morningstar Risk Rating||N/A|
|Beta (5Y Monthly)||N/A|
|5y Average Return||N/A|
|Average for Category||N/A|
Rating Action: Moody's affirms seven and downgrades six classes of WFRBS 2012- C7. Global Credit Research- 15 Jul 2020. Approximately $888 million of structured securities affected.
Rating Action: Moody's downgrades one, confirms one and affirms eleven classes of WFRBS 2012- C8. Global Credit Research- 15 Jul 2020. Approximately $888 million of structured securities affected.
The ratings on eight 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. The ratings on three P&I classes were downgraded due to the decline in performance and upcoming refinance risk of four loans (40.9% of the pool) secured by regional malls comprising of ; Northridge Fashion Center, Town Center at Cobb, Florence Mall, and Fashion Square, and the anticipated losses from troubled loans.