Class A-3FL at
Class A-3FX at
Class A-4 at
Class A-M at
Class A-SB at
Class X-A at
Class B at AA (high) (sf)
Class X-B at AA (high) (sf)
Class C at AA (sf)
Class PEZ at AA (sf)
Class D at BBB (high) (sf)
Class E at BBB (sf)
Class F at BB (low) (sf)
Due to concerns with the second-largest loan in the pool, The Avenues (Prospectus ID#3, 12.3% of the pool), and the specially serviced loan, Embassy Suites Lubbock (Prospectus ID#18, 2.1% of the pool), DBRS Morningstar changed the trends on Classes E and F to Negative from Stable. All other trends remain Stable.
According to the
The transaction's largest watchlisted loan, The Avenues, is secured by a portion of a 1.1 million square foot regional mall in
The transaction's only specially serviced loan, Embassy Suites Lubbock, is secured by a 156-room full-service hotel six miles from downtown
At issuance, DBRS Morningstar shadow-rated the
ESG CONSIDERATIONS
A description of how DBRS Morningstar considers ESG factors within the DBRS Morningstar analytical framework can be found in the DBRS Morningstar Criteria: Approach to Environmental, Social, and Governance Risk Factors in Credit Ratings at https://www.dbrsmorningstar.com/research/373262.
Classes X-A and X-B are interest-only (IO) certificates that reference a single rated tranche or multiple rated tranches. The IO rating mirrors the lowest-rated applicable reference obligation tranche adjusted upward by one notch if senior in the waterfall.
All ratings are subject to surveillance, which could result in ratings being upgraded, downgraded, placed under review, confirmed, or discontinued by DBRS Morningstar.
DBRS Morningstar provides issuance metrics and all historical surveillance commentary on the DBRS Viewpoint platform.
For complimentary access to this content, please register for the DBRS Viewpoint platform at www.viewpoint.dbrsmorningstar.com. The platform includes issuer and servicer data for most outstanding CMBS transactions (including non-DBRS Morningstar-rated), as well as loan-level and transaction-level commentary for most DBRS Morningstar-rated and -monitored transactions.
Notes:
All figures are in
The principal methodology is North American CMBS Surveillance Methodology (
For more information regarding rating methodologies and Coronavirus Disease (COVID-19), please see the following DBRS Morningstar press release: https://www.dbrsmorningstar.com/research/357883.
For more information regarding structured finance rating methodologies and Coronavirus Disease (COVID-19), please see the following DBRS Morningstar press release: https://www.dbrsmorningstar.com/research/358308.
For more information regarding the structured finance rating approach and Coronavirus Disease (COVID-19), please see the following DBRS Morningstar press release: https://www.dbrsmorningstar.com/research/359905.
The related regulatory disclosures pursuant to the National Instrument 25-101 Designated Rating Organizations are hereby incorporated by reference and can be found by clicking on the link under Related Documents or by contacting us at info@dbrsmorningstar.com.
The rated entity or its related entities did participate in the rating process for this rating action. DBRS Morningstar had access to the accounts and other relevant internal documents of the rated entity or its related entities in connection with this rating action.
Please see the related appendix for additional information regarding the sensitivity of assumptions used in the rating process. Please note a sensitivity analysis is not performed for CMBS bonds rated CCC or lower. The DBRS Morningstar long-term rating scale definition indicates that ratings of CCC or lower are assigned when the bond is highly likely to default or default is imminent, thereby prevailing over a sensitivity analysis.
Generally, the conditions that lead to the assignment of a Negative or Positive trend are generally resolved within a 12-month period. DBRS Morningstar's outlooks and ratings are monitored.
For more information on this credit or on this industry, visit www.dbrsmorningstar.com or contact us at info@dbrsmorningstar.com.
Tel. +1 416 593-5577
Ratings
Date Issued Debt Rated Action Rating Trend Attributes
i
US = Lead Analyst based in USA
CA = Lead Analyst based in
EU = Lead Analyst based in EU
E = EU endorsed
U =
Unsolicited Participating With Access
Unsolicited Participating Without Access
Unsolicited Non-participating
23-Mar-21 Commercial Mortgage Pass-Through Certificates, Series 2013-CCRE6, Class A-3FL ConfirmedAAA (sf) Stb CA
23-Mar-21 Commercial Mortgage Pass-Through Certificates, Series 2013-CCRE6, Class A-3FX ConfirmedAAA (sf) Stb CA
23-Mar-21 Commercial Mortgage Pass-Through Certificates, Series 2013-CCRE6, Class A-4 ConfirmedAAA (sf) Stb CA
23-Mar-21 Commercial Mortgage Pass-Through Certificates, Series 2013-CCRE6, Class A-M ConfirmedAAA (sf) Stb CA
23-Mar-21 Commercial Mortgage Pass-Through Certificates, Series 2013-CCRE6, Class A-SB ConfirmedAAA (sf) Stb CA
23-Mar-21 Commercial Mortgage Pass-Through Certificates, Series 2013-CCRE6, Class X-A ConfirmedAAA (sf) Stb CA
23-Mar-21 Commercial Mortgage Pass-Through Certificates, Series 2013-CCRE6, Class B Confirmed AA (high) (sf) Stb CA
23-Mar-21 Commercial Mortgage Pass-Through Certificates, Series 2013-CCRE6, Class X-B Confirmed AA (high) (sf) Stb CA
23-Mar-21 Commercial Mortgage Pass-Through Certificates, Series 2013-CCRE6, ClassC Confirmed A A (sf) Stb CA
23-Mar-21 Commercial Mortgage Pass-Through Certificates, Series 2013-CCRE6, Class PEZ Confirmed AA (sf) Stb CA
23-Mar-21 Commercial Mortgage Pass-Through Certificates, Series 2013-CCRE6, Class D Confirmed BBB (high) (sf) Stb CA
23-Mar-21 Commercial Mortgage Pass-Through Certificates, Series 2013-CCRE6, ClassE Tren d Change BBB (sf) Neg CA
23-Mar-21 Commercial Mortgage Pass-Through Certificates, Series 2013-CCRE6, ClassF Tren d Change BB (low) (sf) Neg CA
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