KBRA Assigns Preliminary Ratings to Caesars Palace Las Vegas Trust 2017-VICI

NEW YORK–(BUSINESS WIRE)–Kroll Bond Rating Agency (KBRA) is pleased to announce the assignment of preliminary ratings to nine classes of Caesars Palace Las Vegas Trust 2017-VICI, a $1.6 billion CMBS single-asset, single-borrower transaction. The collateral for the securitization is a $1.6 billion non-recourse, first lien, fixed-rate mortgage loan secured by the borrower’s fee interest in the Caesars Palace Las Vegas (“CPLV”) (and leasehold interest in one hotel tower on the property), which i