NEW YORK–(BUSINESS WIRE)–Kroll Bond Rating Agency (KBRA) is pleased to announce the assignment of preliminary ratings to 16 classes of UBS 2017-C5 (see ratings list below), a $743.4 million CMBS conduit transaction collateralized by 49 commercial mortgage loans secured by 131 properties. The collateral properties are located in 31 states and the Cayman Islands, with two state exposures each representing more than 10.0% of the pool balance: New York (19.0%), California (15.7%). The pool has ex
