NEW YORK, Nov. 18, 2015 /PRNewswire/ -- Morningstar Credit Ratings, LLC today assigned preliminary ratings to the commercial mortgage-backed securities (CMBS) transaction Morgan Stanley Capital I Trust 2015-UBS8, Commercial Mortgage Pass-Through Certificates, Series 2015-UBS8 (MSCI 2015-UBS8). The collateral supporting MSCI 2015-UBS8 consists of 57 mortgage loans secured by 72 commercial real estate properties. The preliminary ratings are based on information known to Morningstar as of Nov. 18, 2015. 



    Preliminary Ratings (as of Nov. 18, 2015)


    Class                         Balance/                                    Credit Support Level
                              Notional Amt                                                     (%)
                                       ($)    Morningstar Preliminary Rating


    Offered Certificates

    Class A-1                   32,700,000                                AAA                30.000

    Class A-2                    6,300,000                                AAA                30.000

    Class A-SB                  51,500,000                                AAA                30.000

    Class A-3                  200,000,000                                AAA                30.000

    Class A-4                  273,000,000                                AAA                30.000

    Class X-A                  563,500,000                                AAA                   N/A

    Class A-S                   48,300,000                                AAA                24.000

    Class B                     53,331,000                                AA-                17.375

    Class C                     37,231,000                                 A-                12.750
    -------                     ----------                                ---                ------

    Non-Offered Certificates

    Class X-B                  101,631,000                                AAA                   N/A

    Class X-D                   25,156,000                                AAA                   N/A

    Class X-E                   18,113,000                                AAA                   N/A

    Class X-F                   18,700,000                                AAA                   N/A

    Class X-G                   10,481,000                                AAA                   N/A

    Class X-H                    7,293,000                                AAA                   N/A

    Class X-J                   22,895,200                                AAA                   N/A

    Class D                     25,156,000                                BBB                 9.625

    Class E                     18,113,000                               BBB-                 7.375

    Class F                     18,700,000                                BB-                 5.052

    Class G                     10,481,000                                  B                 3.750

    Class H                      7,293,000                                 B-                 2.844

    Class J                     22,895,200                                 NR                 0.000


    NR - Not Rated

Morningstar's Presale Analysis Package, including the Presale Report; Asset Summary Reports; Loan Analysis Summary Table; Rule 17g-7 Disclosures and Certification; and the Representations, Warranties, and Enforcement Mechanisms, is available under the Ratings Reports tab at https://ratingagency.morningstar.com. Morningstar could receive subsequent information that may result in final ratings that differ from the preliminary ratings.

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Morningstar Credit Ratings, LLC is a Nationally Recognized Statistical Rating Organization (NRSRO) offering a wide array of services including new-issue ratings and analysis, operational risk assessments, surveillance services, data, and technology solutions.

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Morningstar, Inc. offers an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors. Morningstar provides data on more than 500,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 17 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries, with more than $170 billion in assets under advisement and management as of Sept. 30, 2015. The company has operations in 27 countries.

Morningstar, Inc. is not an NRSRO and does not issue NRSRO credit ratings.

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