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Fitch Ratings affirms 15 classes of CD 2017-CD5.

New York: Fitch Ratings, a nationally recognized statistical rating organization (NRSRO) designated by the U.S. Securities and Exchange Commission, affirmed 15 classes of CD 2017-CD5 Mortgage Trust Series 2017-CD5.

The overall pool performance remains stable from issuance with no changes to Fitch's loss expectations. There are no delinquent or specially serviced loans. As of the July 2018 distribution date, the pool's aggregate balance has been reduced by 0.41% to $927.8 million, from $931.6 million at issuance. Three loans (3.4%) are on the servicer's watchlist, and none of the loans are considered Fitch Loans of Concern.

Minimal Changes to Credit Enhancement: Thirteen loans (41.8%) are full-term interest-only and 22 loans (39.2%) are partial interest-only, similar to Fitch-rated transactions of its vintage. The pool is scheduled to amortize by 9.3% of the initial pool balance by maturity. Three loans, representing 22.7% of the pool, had investment-grade credit opinions at issuance. General Motors Building (10.7% of the pool) had an investment-grade credit opinion of 'AAAsf' on a stand-alone basis, while 245 Park Avenue (5.5% of the pool) and Olympic Tower (6.5% of the pool) had investment-grade credit opinions of 'BBB-sf' and 'BBBsf', respectively, on a stand-alone basis.

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Publication:Daily the Pak Banker (Lahore, Pakistan)
Date:Oct 30, 2018
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