NEW YORK–(BUSINESS WIRE)–Kroll Bond Rating Agency (KBRA) is pleased to announce the assignment of preliminary ratings to 16 classes of WFCM 2018-C48 (see ratings list below), a $833.9 million CMBS conduit transaction collateralized by 52 commercial mortgage loans secured by 95 properties. The collateral properties are located in 30 states, with three state exposures each representing 10.0% or more of the pool balance: Georgia (14.1%), Tennessee (12.9%), and Florida (12.0%). The pool has expos