No negative impact on the WFRBS 2014-C19 rating following the proposed transfer of special service rights
Valuation Announcement: Moody’s: No Negative Impact on WFRBS 2014-C19 Rating Following Proposed Transfer of Special Management Rights Withdrawal of LNR Partners, LLC, as General Special Manager and Appointment of Argentic Services Company LP as as successor general special manager for WFRBS Commercial Mortgage Trust 2014-C19 (“WFRBS 2014-C19”) pursuant to the provisions of Pooling and Servicing Approval of WFRBS 2014-C19 by the Subordinate Class Representative would not, in itself, and at this stage, a reduction, review for possible downgrade or withdrawal of Moody’s current ratings for WFRBS 2014-C19. the methodologies used for rating monitoring are “US and Canadian Conduit/Fusion Commercial Mortgage-Backed Securitizations Methodology” published in November 2021, “Moody’s Approach to Rating Repackaged Securities” published in June 2020, and “Moody’s Approach to Rating 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. Moody’s opinion addresses only the credit impact associated with the proposed transfer of special management rights, and Moody’s expresses no opinion as to whether the proposed transfer of special management rights has, or could have, other non-credit related effects which could have a detrimental impact on the interests of the holders or the rated obligations and/or the counterparties. This publication does not announce a 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. 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