OREANDA-NEWS. S&P Global Ratings today discontinued its 'D (sf)' ratings on 33 classes from 25 U. S. commercial mortgage-backed securities (CMBS) transactions (see list).

We discontinued these ratings according to our surveillance and withdrawal policy. We had previously lowered the ratings to 'D (sf)' on these classes because of principal losses and/or accumulated interest shortfalls that we believed would remain outstanding for an extended period of time. We view a subsequent upgrade to a rating higher than 'D (sf)' to be unlikely under the relevant criteria for the classes within this review.