NEW YORK–(BUSINESS WIRE)–Kroll Bond Rating Agency (KBRA) is pleased to announce the assignment of preliminary ratings to 15 classes of the CD 2017-CD3 transaction (see ratings list below). CD 2016-CD3 is a $1.3 billion CMBS conduit transaction collateralized by 52 commercial mortgage loans secured by 59 properties. On the securitization closing date, the transaction sponsors intend to comply with the US credit risk retention rules by employing an “L-shaped” structure: the sponsors will each r
