Second largest US CMBS conduit deal of 2015 carries high LTV

Fitch Ratings has issued final ratings on Deutsche Bank Securities’ $1.4bn COMM 2015-DC1 securitization, one of the largest CMBS deals completed so far this year. The rating agency awarded its triple-A rating to the deal's roughly $1.1bn top tranche, also noting that the securitization carries higher leverage than recent fixed-rate multi-borrower transactions.