KBRA Assigns Preliminary Ratings to Salus (European Loan Conduit No. 33) DAC

DUBLIN–(BUSINESS WIRE)–Kroll Bond Rating Agency Europe Limited (KBRA) is pleased to announce the assignment of preliminary ratings to four classes of Salus (European Loan Conduit No. 33) DAC, a CMBS single-borrower securitisation. The collateral for the transaction is a £367.5 million limited recourse, first lien mortgage loan. The floating rate loan has an initial three-year term with two, one-year extension options and requires quarterly interest-only payments. The loan is secured by the bo