NEW YORK–(BUSINESS WIRE)–Kroll Bond Rating Agency (KBRA) is pleased to announce the assignment of preliminary ratings to nine classes of RCMT 2019-5 (see ratings list below), a $399.2 million CMBS small balance transaction collateralized by 95 commercial mortgage loans secured by 127 properties. The collateral properties are located in 28 states, with two state exposures each representing more than 10.0% of the pool balance: California (12.9%) and Texas (10.9%). The pool has exposure to most