NEW YORK–(BUSINESS WIRE)–Kroll Bond Rating Agency (KBRA) is pleased to announce the assignment of preliminary ratings to 16 classes of Benchmark 2018-B8, a $1.0 billion CMBS conduit transaction collateralized by 41 commercial mortgage loans secured by 200 properties. The collateral properties are located in 24 states, with three state exposures each representing 10.0% or more of the pool balance: California (19.2%), New York (15.9%), and Florida (10.7%). The pool has exposure to all of the ma