No negative impact on the rating of two commercial mortgage-backed securities conducted in the United States following the proposed transfer of special management rights from WFCM 2016-LC24
Valuation Announcement: Moody’s: No Negative Rating Impact on Two Commercial Mortgage-Backed Securities Conducted in the United States Following Proposed Transfer of Special Management Rights from WFCM Moody’s”) announced today that the proposed removal of Midland Loan Services, LLC, as general special manager and appointment of LNR Partners, LLC as successor general special manager of Wells Fargo Commercial Mortgage Trust 2016-LC24 (“WFCM 2016-LC24”) pursuant to of the WFCM 2016-LC24 Pooling and Service Agreement by the WFCM 2016-LC24 Director Certificate Holder would not, per se and at this stage, result in a reduction, indictment for possible demotion or removal of Moody’s current ratings of WFCM 2016-LC24 and Wells Fargo Commercial Mortgage Trust 2016-C36 which hold the managed companion loans The proposed transfer will exclude the unmanaged companion loans det recorded by WFCM 2016-LC24. Structured Finance Interest-Only (IO) Securities” published February 2019. Please see the rating methodologies page on www.moodys.com for a copy of these methodologies. , and Moody’s expresses no opinion as to whether the proposed transfer of special servicing rights has, or might have, other non-credit related effects which could adversely affect the interests of holders or of the rated and /or counterparties. publication does not announce credit rating action. For all credit ratings referenced in this publication, please see the ratings tab on the issuer/entity page on www.moodys.com for the most up-to-date credit rating action information and rating history. Kevin Li Asst Vice President – Analyst Structured Finance Group Moody’s Investors Service, Inc. 250 Greenwich Street New York, NY 10007 USA JOURNALISTS: 1 212 553 0376 Customer Service: 1 212 553 1653 Matthew Halpern VP – Senior Credit Officer Structured Finance Group JOURNALISTS: 1 212 553 0376 Customer Service: 1 212 553 1653 Release Office: Moody’s Investors Service, Inc. 250 Greenwich Street New York, NY 10007 USA JOURNALISTS: 1 212 553 0376 Customer Service: 1 212 553 1653 © 2022 Moody’s Corporation, Moody’s Investors Service , Inc., Moody’s Analytics, Inc. and/or their licensors and affiliates (collectively, “MOODY’S”). All rights reserved. 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