KBRA Assigns Preliminary Ratings to BDS 2018-FL1

NEW YORK–(BUSINESS WIRE)–Kroll Bond Rating Agency (KBRA) is pleased to announce the assignment of preliminary ratings to six classes of BDS 2018-FL1, a $510.2 million commercial real estate collateralized loan obligation (CRE CLO) securitization. The transaction will initially be collateralized by 27 whole loans and participations and for approximately three years following the closing date, the issuer can acquire funded, non-trust companion participations related to the initial collateral if