Kroll Bond Rating Agency Assigns Preliminary Ratings to RAIT 2017-FL7

NEW YORK–(BUSINESS WIRE)–Kroll Bond Rating Agency (KBRA) is pleased to announce the assignment of preliminary ratings to seven classes of the RAIT 2017-FL7 transaction, a $342.4 million floating-rate CRE CLO securitization. The transaction is generally static with the exception of a 90-day ramp up period to accommodate acquisition of pre-identified unclosed assets; as well as the ability to reinvest in pre-identified assets during the reinvestment period that expires in July 2019. Initially,