Morningstar Credit Ratings, LLC today announced it now provides commercial mortgage-backed securities (CMBS) letter ratings via the Bloomberg Professional service, a leading financial information platform that provides data, news, and analytics to more than 315,000 business and financial professionals.
"We're continuing to expand the distribution of our credit ratings to better meet the demands of investors," Vickie Tillman, president of Morningstar Credit Ratings, said. "Morningstar Credit Ratings is the only Nationally Recognized Statistical Ratings Organization providing surveillance ratings for the majority of secondary market CMBS transactions, regardless of whether or not we provided a rating at issuance. Our agreement with Bloomberg is another step toward providing investors with access to the information they need to make informed decisions."
Morningstar will also distribute its new-issue CMBS Pre-Sale analysis to Bloomberg Professional service subscribers. The Pre-Sale analysis provides investors with a comprehensive overview of Morningstar-rated CMBS new-issue transactions.