Morningstar’s structured credit research and ratings subsidiary is a Nationally Recognized Statistical Ratings Organization (NRSRO) that has earned a reputation for innovation and excellence in the structured finance market. Our goal is to help institutional investors identify credit risk in structured finance investments. Our analytical approach stresses transparency of the ratings process, strong fundamental credit analysis, and comprehensive investor-focused reporting. With Morningstar, structured finance investors have access to high quality ratings, investment research, surveillance services, data, and technology solutions.

 

Making a Difference for CMBS Investors

 

Ø Morningstar’s ratings analysis provides unprecedented transparency and insight into our analytical thought process and ratings conclusions.

 

Ø Our new-issue analysis focuses on the strengths and weaknesses of a transaction, with comprehensive asset summary reports and detailed line-item underwriting.

 

Ø Morningstar is the only NRSRO performing monthly surveillance reviews on hundreds of legacy and new-issue transactions.

 

Ø Our Operational Risk Assessment group conducts detailed reviews of CMBS servicers and their ability to meet transaction obligations.

 

Morningstar Credit Ratings provides CMBS investors with original, insightful, and comprehensive ratings analysis.