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Monday, October 19, 2026

J.P. Morgan Chase Commercial Mortgage Securities Trust 2012-C8: rating history

Page built October 19, 2026

Rating actions, action dates and public knowledge dates for J.P. Morgan Chase Commercial Mortgage Securities Trust 2012-C8.

Data as of loan data through February 2021; ratings as held in the dataset at 2026-10-15

← J.P. Morgan Chase Commercial Mortgage Securities Trust 2012-C8 · CMBS market

Rating actions recorded in the dataset cover 14 of the deal's 15 classes. Each action shows the date the agency took the action and the date it became publicly knowable in the published rating histories, as explained in the note at the foot of this page.

Migration summary

AgencyActionsUpgradesDowngradesWithdrawalsNet notch movementFirst downgrade
Fitch34380+13 notches over 4 classes2020-05-07
KBRA152210-1 notches over 13 classes2020-08-13
S&P96350+11 notches over 12 classes2020-08-25
DBRS37070+26 notches over 2 classes2017-03-15

Net notch movement sums, over the classes with at least two recorded ratings from the agency, the difference between the last and first recorded rating in notches; a positive figure means the classes ended weaker than they began.

Actions by class

Class A-1

Fitch: current rating PIF

ActionPrior ratingRatingOutlook / watch afterAction datePublicly knowable
New ratingnot yet reportedAAAnot yet reported2012-10-182026-10-01
Watch actionAAAPIFnot yet reported2016-02-012026-10-01

KBRA: current rating WR

ActionPrior ratingRatingOutlook / watch afterAction datePublicly knowable
No action code in sourcenot yet reportedAAAnot yet reported2012-09-202026-10-01
New ratingAAAAAAnot yet reported2012-10-182026-10-01
No action code in sourceAAAAAAnot yet reported2013-10-082026-10-01
No action code in sourceAAAAAAnot yet reported2014-09-262026-10-01
No action code in sourceAAAAAAnot yet reported2015-09-222026-10-01
Watch actionAAAWRnot yet reported2016-01-082026-10-01

S&P: current rating NR

ActionPrior ratingRatingOutlook / watch afterAction datePublicly knowable
New ratingnot yet reportedAAA (sf) (prelim.)not yet reported2012-09-212026-10-01
Outlook or watch actionAAA (sf)NR (prelim.)not yet reported2012-10-182026-10-01
New ratingAAA (sf) (prelim.)AAA (sf)not yet reported2012-10-182026-10-01
No action code in sourceNR (prelim.)AAA (sf)not yet reported2015-05-122026-10-01
Watch actionAAA (sf)NRnot yet reported2016-01-062026-10-01

Class A-2

Fitch: current rating PIF

ActionPrior ratingRatingOutlook / watch afterAction datePublicly knowable
New ratingnot yet reportedAAAnot yet reported2012-10-182026-10-01
Watch actionAAAPIFnot yet reported2017-11-032026-10-01

KBRA: current rating WR

ActionPrior ratingRatingOutlook / watch afterAction datePublicly knowable
No action code in sourcenot yet reportedAAAnot yet reported2012-09-202026-10-01
New ratingAAAAAAnot yet reported2012-10-182026-10-01
No action code in sourceAAAAAAnot yet reported2013-10-082026-10-01
No action code in sourceAAAAAAnot yet reported2014-09-262026-10-01
No action code in sourceAAAAAAnot yet reported2015-09-222026-10-01
No action code in sourceAAAAAAnot yet reported2016-09-092026-10-01
No action code in sourceAAAAAAnot yet reported2017-09-112026-10-01
Watch actionAAAWRnot yet reported2018-03-212026-10-01

S&P: current rating NR

ActionPrior ratingRatingOutlook / watch afterAction datePublicly knowable
New ratingnot yet reportedAAA (sf) (prelim.)not yet reported2012-09-212026-10-01
New ratingNR (prelim.)AAA (sf)not yet reported2012-10-182026-10-01
Outlook or watch actionAAA (sf) (prelim.)NR (prelim.)not yet reported2012-10-182026-10-01
No action code in sourceAAA (sf)AAA (sf)not yet reported2015-05-122026-10-01
Watch actionAAA (sf)NRnot yet reported2017-11-062026-10-01

Class A-3

Fitch: current rating PIF

ActionPrior ratingRatingOutlook / watch afterAction datePublicly knowable
New ratingnot yet reportedAAAnot yet reported2012-10-182026-10-01
Watch actionAAAPIFnot yet reported2022-07-202026-10-01

KBRA: current rating WR

ActionPrior ratingRatingOutlook / watch afterAction datePublicly knowable
No action code in sourcenot yet reportedAAAnot yet reported2012-09-202026-10-01
New ratingAAAAAAnot yet reported2012-10-182026-10-01
No action code in sourceAAAAAAnot yet reported2013-10-082026-10-01
No action code in sourceAAAAAAnot yet reported2014-09-262026-10-01
No action code in sourceAAAAAAnot yet reported2015-09-222026-10-01
No action code in sourceAAAAAAnot yet reported2016-09-092026-10-01
No action code in sourceAAAAAAnot yet reported2017-09-112026-10-01
No action code in sourceAAAAAAnot yet reported2018-08-092026-10-01
No action code in sourceAAAAAAnot yet reported2019-08-072026-10-01
No action code in sourceAAAAAAnot yet reported2020-08-132026-10-01
No action code in sourceAAAAAAnot yet reported2021-08-132026-10-01
Watch actionAAAWRnot yet reported2022-07-282026-10-01

S&P: current rating NR

ActionPrior ratingRatingOutlook / watch afterAction datePublicly knowable
New ratingnot yet reportedAAA (sf) (prelim.)not yet reported2012-09-212026-10-01
Outlook or watch actionAAA (sf) (prelim.)NR (prelim.)not yet reported2012-10-182026-10-01
New ratingNR (prelim.)AAA (sf)not yet reported2012-10-182026-10-01
No action code in sourceAAA (sf)AAA (sf)not yet reported2015-05-122026-10-01
No action code in sourceAAA (sf)AAA (sf)not yet reported2017-12-132026-10-01
No action code in sourceAAA (sf)AAA (sf)not yet reported2020-08-252026-10-01
No action code in sourceAAA (sf)AAA (sf)not yet reported2022-05-272026-10-01
Watch actionAAA (sf)NRnot yet reported2022-08-082026-10-01

Class A-S

Fitch: current rating PIF

ActionPrior ratingRatingOutlook / watch afterAction datePublicly knowable
New ratingnot yet reportedAAAnot yet reported2012-10-182026-10-01
Watch actionAAAPIFnot yet reported2022-07-202026-10-01

KBRA: current rating WR

ActionPrior ratingRatingOutlook / watch afterAction datePublicly knowable
No action code in sourcenot yet reportedAAAnot yet reported2012-09-202026-10-01
New ratingAAAAAAnot yet reported2012-10-182026-10-01
No action code in sourceAAAAAAnot yet reported2013-10-082026-10-01
No action code in sourceAAAAAAnot yet reported2014-09-262026-10-01
No action code in sourceAAAAAAnot yet reported2015-09-222026-10-01
No action code in sourceAAAAAAnot yet reported2016-09-092026-10-01
No action code in sourceAAAAAAnot yet reported2017-09-112026-10-01
No action code in sourceAAAAAAnot yet reported2018-08-092026-10-01
No action code in sourceAAAAAAnot yet reported2019-08-072026-10-01
No action code in sourceAAAAAAnot yet reported2020-08-132026-10-01
No action code in sourceAAAAAAnot yet reported2021-08-132026-10-01
Watch actionAAAWRnot yet reported2022-07-282026-10-01

S&P: current rating NR

ActionPrior ratingRatingOutlook / watch afterAction datePublicly knowable
New ratingnot yet reportedAAA (sf) (prelim.)not yet reported2012-09-212026-10-01
New ratingAAA (sf) (prelim.)AAA (sf)not yet reported2012-10-182026-10-01
Outlook or watch actionAAA (sf)NR (prelim.)not yet reported2012-10-182026-10-01
No action code in sourceNR (prelim.)AAA (sf)not yet reported2015-05-122026-10-01
No action code in sourceAAA (sf)AAA (sf)not yet reported2017-12-132026-10-01
No action code in sourceAAA (sf)AAA (sf)not yet reported2020-08-252026-10-01
No action code in sourceAAA (sf)AAA (sf)not yet reported2022-05-272026-10-01
Watch actionAAA (sf)NRnot yet reported2022-08-082026-10-01

Class A-SB

Fitch: current rating PIF

ActionPrior ratingRatingOutlook / watch afterAction datePublicly knowable
New ratingnot yet reportedAAAnot yet reported2012-10-182026-10-01
Watch actionAAAPIFnot yet reported2022-05-152026-10-01

KBRA: current rating WR

ActionPrior ratingRatingOutlook / watch afterAction datePublicly knowable
No action code in sourcenot yet reportedAAAnot yet reported2012-09-202026-10-01
New ratingAAAAAAnot yet reported2012-10-182026-10-01
No action code in sourceAAAAAAnot yet reported2013-10-082026-10-01
No action code in sourceAAAAAAnot yet reported2014-09-262026-10-01
No action code in sourceAAAAAAnot yet reported2015-09-222026-10-01
No action code in sourceAAAAAAnot yet reported2016-09-092026-10-01
No action code in sourceAAAAAAnot yet reported2017-09-112026-10-01
No action code in sourceAAAAAAnot yet reported2018-08-092026-10-01
No action code in sourceAAAAAAnot yet reported2019-08-072026-10-01
No action code in sourceAAAAAAnot yet reported2020-08-132026-10-01
No action code in sourceAAAAAAnot yet reported2021-08-132026-10-01
Watch actionAAAWRnot yet reported2022-05-262026-10-01

S&P: current rating NR

ActionPrior ratingRatingOutlook / watch afterAction datePublicly knowable
New ratingnot yet reportedAAA (sf) (prelim.)not yet reported2012-09-212026-10-01
Outlook or watch actionAAA (sf)NR (prelim.)not yet reported2012-10-182026-10-01
New ratingAAA (sf) (prelim.)AAA (sf)not yet reported2012-10-182026-10-01
No action code in sourceNR (prelim.)AAA (sf)not yet reported2015-05-122026-10-01
No action code in sourceAAA (sf)AAA (sf)not yet reported2017-12-132026-10-01
No action code in sourceAAA (sf)AAA (sf)not yet reported2020-08-252026-10-01
Watch actionAAA (sf)NRnot yet reported2022-05-272026-10-01

Class B

Fitch: current rating PIF

ActionPrior ratingRatingOutlook / watch afterAction datePublicly knowable
New ratingnot yet reportedAAnot yet reported2012-10-182026-10-01
Watch actionAAPIFnot yet reported2022-08-242026-10-01

KBRA: current rating WR

ActionPrior ratingRatingOutlook / watch afterAction datePublicly knowable
No action code in sourcenot yet reportedAAnot yet reported2012-09-202026-10-01
New ratingAAAAnot yet reported2012-10-182026-10-01
No action code in sourceAAAAnot yet reported2013-10-082026-10-01
No action code in sourceAAAAnot yet reported2014-09-262026-10-01
No action code in sourceAAAAnot yet reported2015-09-222026-10-01
No action code in sourceAAAAnot yet reported2016-09-092026-10-01
No action code in sourceAAAAnot yet reported2017-09-112026-10-01
UpgradeAAAA+not yet reported2018-08-092026-10-01
No action code in sourceAA+AA+not yet reported2019-08-072026-10-01
No action code in sourceAA+AA+not yet reported2020-08-132026-10-01
No action code in sourceAA+AA+not yet reported2021-08-132026-10-01
Watch actionAA+WRnot yet reported2022-08-262026-10-01

S&P: current rating NR

ActionPrior ratingRatingOutlook / watch afterAction datePublicly knowable
New ratingnot yet reportedAA (sf) (prelim.)not yet reported2012-09-212026-10-01
Outlook or watch actionAA (sf)NR (prelim.)not yet reported2012-10-182026-10-01
New ratingAA (sf) (prelim.)AA (sf)not yet reported2012-10-182026-10-01
UpgradeNR (prelim.)AA+ (sf)not yet reported2015-05-122026-10-01
No action code in sourceAA+ (sf)AA+ (sf)not yet reported2017-12-132026-10-01
No action code in sourceAA+ (sf)AA+ (sf)not yet reported2020-08-252026-10-01
No action code in sourceAA+ (sf)AA+ (sf)not yet reported2022-05-272026-10-01
Watch actionAA+ (sf)NRnot yet reported2022-08-242026-10-01

Class C

Fitch: current rating PIF

ActionPrior ratingRatingOutlook / watch afterAction datePublicly knowable
New ratingnot yet reportedAnot yet reported2012-10-182026-10-01
Watch actionAPIFnot yet reported2022-08-242026-10-01

KBRA: current rating WR

ActionPrior ratingRatingOutlook / watch afterAction datePublicly knowable
No action code in sourcenot yet reportedAnot yet reported2012-09-202026-10-01
New ratingAAnot yet reported2012-10-182026-10-01
No action code in sourceAAnot yet reported2013-10-082026-10-01
No action code in sourceAAnot yet reported2014-09-262026-10-01
No action code in sourceAAnot yet reported2015-09-222026-10-01
No action code in sourceAAnot yet reported2016-09-092026-10-01
No action code in sourceAAnot yet reported2017-09-112026-10-01
UpgradeAA+not yet reported2018-08-092026-10-01
No action code in sourceA+A+not yet reported2019-08-072026-10-01
No action code in sourceA+A+not yet reported2020-08-132026-10-01
No action code in sourceA+A+not yet reported2021-08-132026-10-01
Watch actionA+WRnot yet reported2022-08-262026-10-01

S&P: current rating NR

ActionPrior ratingRatingOutlook / watch afterAction datePublicly knowable
New ratingnot yet reportedA (sf) (prelim.)not yet reported2012-09-212026-10-01
Outlook or watch actionA (sf)NR (prelim.)not yet reported2012-10-182026-10-01
New ratingA (sf) (prelim.)A (sf)not yet reported2012-10-182026-10-01
UpgradeNR (prelim.)A+ (sf)not yet reported2015-05-122026-10-01
No action code in sourceA+ (sf)A+ (sf)not yet reported2017-12-132026-10-01
No action code in sourceA+ (sf)A+ (sf)not yet reported2020-08-252026-10-01
No action code in sourceA+ (sf)A+ (sf)not yet reported2022-05-272026-10-01
Watch actionA+ (sf)NRnot yet reported2022-08-242026-10-01

Class D

Fitch: current rating PIF

ActionPrior ratingRatingOutlook / watch afterAction datePublicly knowable
New ratingnot yet reportedBBB+not yet reported2012-10-182026-10-01
DowngradeBBB+BBB-not yet reported2021-04-282026-10-01
Watch actionBBB-PIFnot yet reported2022-08-242026-10-01

KBRA: current rating WR

ActionPrior ratingRatingOutlook / watch afterAction datePublicly knowable
No action code in sourcenot yet reportedBBB+not yet reported2012-09-202026-10-01
New ratingBBB+BBB+not yet reported2012-10-182026-10-01
No action code in sourceBBB+BBB+not yet reported2013-10-082026-10-01
No action code in sourceBBB+BBB+not yet reported2014-09-262026-10-01
No action code in sourceBBB+BBB+not yet reported2015-09-222026-10-01
No action code in sourceBBB+BBB+not yet reported2016-09-092026-10-01
No action code in sourceBBB+BBB+not yet reported2017-09-112026-10-01
No action code in sourceBBB+BBB+not yet reported2018-08-092026-10-01
No action code in sourceBBB+BBB+not yet reported2019-08-072026-10-01
No action code in sourceBBB+BBB+not yet reported2020-08-132026-10-01
No action code in sourceBBB+BBB+not yet reported2021-08-132026-10-01
Watch actionBBB+WRnot yet reported2022-08-262026-10-01

S&P: current rating NR

ActionPrior ratingRatingOutlook / watch afterAction datePublicly knowable
New ratingnot yet reportedBBB+ (sf) (prelim.)not yet reported2012-09-212026-10-01
Outlook or watch actionBBB+ (sf)NR (prelim.)not yet reported2012-10-182026-10-01
New ratingBBB+ (sf) (prelim.)BBB+ (sf)not yet reported2012-10-182026-10-01
UpgradeNR (prelim.)A- (sf)not yet reported2015-05-122026-10-01
No action code in sourceA- (sf)A- (sf)not yet reported2017-12-132026-10-01
No action code in sourceA- (sf)A- (sf)not yet reported2020-08-252026-10-01
DowngradeA- (sf)BBB (sf)not yet reported2022-05-272026-10-01
Watch actionBBB (sf)NRnot yet reported2022-08-242026-10-01

Class E

Fitch: current rating PIF

ActionPrior ratingRatingOutlook / watch afterAction datePublicly knowable
New ratingnot yet reportedBBB-not yet reported2012-10-182026-10-01
DowngradeBBB-BBnot yet reported2020-05-072026-10-01
DowngradeBBCCCnot yet reported2021-04-282026-10-01
UpgradeCCCBnot yet reported2022-03-032026-10-01
Watch actionBPIFnot yet reported2022-08-242026-10-01

KBRA: current rating WR

ActionPrior ratingRatingOutlook / watch afterAction datePublicly knowable
No action code in sourcenot yet reportedBBB-not yet reported2012-09-202026-10-01
New ratingBBB-BBB-not yet reported2012-10-182026-10-01
No action code in sourceBBB-BBB-not yet reported2013-10-082026-10-01
No action code in sourceBBB-BBB-not yet reported2014-09-262026-10-01
No action code in sourceBBB-BBB-not yet reported2015-09-222026-10-01
No action code in sourceBBB-BBB-not yet reported2016-09-092026-10-01
No action code in sourceBBB-BBB-not yet reported2017-09-112026-10-01
No action code in sourceBBB-BBB-not yet reported2018-08-092026-10-01
No action code in sourceBBB-BBB-not yet reported2019-08-072026-10-01
No action code in sourceBBB-BBB-not yet reported2020-08-132026-10-01
No action code in sourceBBB-BBB-not yet reported2021-08-132026-10-01
Watch actionBBB-WRnot yet reported2022-08-262026-10-01

S&P: current rating NR

ActionPrior ratingRatingOutlook / watch afterAction datePublicly knowable
New ratingnot yet reportedBBB- (sf) (prelim.)not yet reported2012-09-212026-10-01
Outlook or watch actionBBB- (sf) (prelim.)NR (prelim.)not yet reported2012-10-182026-10-01
New ratingNR (prelim.)BBB- (sf)not yet reported2012-10-182026-10-01
No action code in sourceBBB- (sf)BBB- (sf)not yet reported2015-05-122026-10-01
No action code in sourceBBB- (sf)BBB- (sf)not yet reported2017-12-132026-10-01
No action code in sourceBBB- (sf)BBB- (sf)not yet reported2020-08-252026-10-01
DowngradeBBB- (sf)BB- (sf)not yet reported2022-05-272026-10-01
Watch actionBB- (sf)NRnot yet reported2022-08-242026-10-01

Class F

Fitch: current rating PIF

ActionPrior ratingRatingOutlook / watch afterAction datePublicly knowable
New ratingnot yet reportedBBnot yet reported2012-10-182026-10-01
DowngradeBBCCCnot yet reported2020-05-072026-10-01
DowngradeCCCCCnot yet reported2021-04-282026-10-01
UpgradeCCCCCnot yet reported2022-03-032026-10-01
Watch actionCCCPIFnot yet reported2022-09-162026-10-01

KBRA: current rating WR (DN)

ActionPrior ratingRatingOutlook / watch afterAction datePublicly knowable
No action code in sourcenot yet reportedBBnot yet reported2012-09-202026-10-01
New ratingBBBBnot yet reported2012-10-182026-10-01
No action code in sourceBBBBnot yet reported2013-10-082026-10-01
No action code in sourceBBBBnot yet reported2014-09-262026-10-01
No action code in sourceBBBBnot yet reported2015-09-222026-10-01
No action code in sourceBBBBnot yet reported2016-09-092026-10-01
No action code in sourceBBBBnot yet reported2017-09-112026-10-01
No action code in sourceBBBBnot yet reported2018-08-092026-10-01
No action code in sourceBBBBnot yet reported2019-08-072026-10-01
No action code in sourceBBBBDN2020-07-102026-10-01
No action code in sourceBBBBnot yet reported2020-08-132026-10-01
No action code in sourceBBBBnot yet reported2021-08-132026-10-01
No action code in sourceBBBBnot yet reported2022-08-262026-10-01
Watch actionBBWRnot yet reported2022-09-212026-10-01

S&P: current rating NR (NM)

ActionPrior ratingRatingOutlook / watch afterAction datePublicly knowable
New ratingnot yet reportedBB (sf) (prelim.)not yet reported2012-09-212026-10-01
Outlook or watch actionBB (sf) (prelim.)NR (prelim.)not yet reported2012-10-182026-10-01
New ratingNR (prelim.)BB (sf)not yet reported2012-10-182026-10-01
No action code in sourceBB (sf)BB (sf)not yet reported2015-05-122026-10-01
No action code in sourceBB (sf)BB (sf)not yet reported2017-12-132026-10-01
No action code in sourceBB (sf)BB (sf)WatchNeg2020-06-032026-10-01
No action code in sourceBB (sf)BB (sf)NM2020-08-252026-10-01
DowngradeBB (sf)B- (sf)not yet reported2022-05-272026-10-01
Watch actionB- (sf)NRnot yet reported2022-10-052026-10-01

Class G

Fitch: current rating B

ActionPrior ratingRatingOutlook / watch afterAction datePublicly knowable
New ratingnot yet reportedBnot yet reported2012-10-182026-10-01
DowngradeBCCCnot yet reported2020-05-072026-10-01
DowngradeCCCCCnot yet reported2021-04-282026-10-01
UpgradeCCBBnot yet reported2023-01-092026-10-01
DowngradeBBBnot yet reported2024-12-192026-10-01

KBRA: current rating B- (DN)

ActionPrior ratingRatingOutlook / watch afterAction datePublicly knowable
No action code in sourcenot yet reportedBnot yet reported2012-09-202026-10-01
New ratingBBnot yet reported2012-10-182026-10-01
No action code in sourceBBnot yet reported2013-10-082026-10-01
No action code in sourceBBnot yet reported2014-09-262026-10-01
No action code in sourceBBnot yet reported2015-09-222026-10-01
No action code in sourceBBnot yet reported2016-09-092026-10-01
No action code in sourceBBnot yet reported2017-09-112026-10-01
No action code in sourceBBnot yet reported2018-08-092026-10-01
No action code in sourceBBnot yet reported2019-08-072026-10-01
No action code in sourceBBDN2020-07-102026-10-01
DowngradeBB-not yet reported2020-08-132026-10-01
No action code in sourceB-B-not yet reported2021-08-132026-10-01
No action code in sourceB-B-not yet reported2022-08-262026-10-01
No action code in sourceB-B-not yet reported2023-08-252026-10-01
No action code in sourceB-B-not yet reported2024-08-202026-10-01
No action code in sourceB-B-not yet reported2025-07-032026-10-01

S&P: current rating CCC (sf) (NM)

ActionPrior ratingRatingOutlook / watch afterAction datePublicly knowable
New ratingnot yet reportedBB- (sf) (prelim.)not yet reported2012-09-212026-10-01
New ratingNR (prelim.)BB- (sf)not yet reported2012-10-182026-10-01
Outlook or watch actionBB- (sf) (prelim.)NR (prelim.)not yet reported2012-10-182026-10-01
No action code in sourceBB- (sf)BB- (sf)not yet reported2015-05-122026-10-01
No action code in sourceBB- (sf)BB- (sf)not yet reported2017-12-132026-10-01
No action code in sourceBB- (sf)BB- (sf)WatchNeg2020-06-032026-10-01
DowngradeBB- (sf)B (sf)NM2020-08-252026-10-01
DowngradeB (sf)CCC (sf)not yet reported2022-05-272026-10-01

DBRS: current rating C (sf) (Stb; Negative)

ActionPrior ratingRatingOutlook / watch afterAction datePublicly knowable
New ratingnot yet reportedB (sf)Stb2012-09-202026-10-15
New ratingB (sf)B (sf)Stb2012-10-182026-10-15
No action code in sourceB (sf)B (sf)Stb2013-08-302026-10-15
No action code in sourceB (sf)B (sf)Stb2014-08-292026-10-15
No action code in sourceB (sf)B (sf)Stb2015-07-062026-10-15
No action code in sourceB (sf)B (sf)Stb2016-07-052026-10-15
No action code in sourceB (sf)B (sf)Stb2017-07-052026-10-15
No action code in sourceB (sf)B (sf)Stb2018-06-292026-10-15
No action code in sourceB (sf)B (sf)Stb2019-03-262026-10-15
No action code in sourceB (sf)B (sf)Stb2020-03-252026-10-15
No action code in sourceB (sf)B (sf)Negative2020-08-062026-10-15
No action code in sourceB (sf)B (sf)Neg2021-03-152026-10-15
No action code in sourceB (sf)B (sf)Neg2022-02-152026-10-15
No action code in sourceB (sf)B (sf)Stb2022-12-142026-10-15
DowngradeB (sf)B (low) (sf)Stb2022-12-142026-10-15
No action code in sourceB (low) (sf)B (low) (sf)Stb2023-11-202026-10-15
DowngradeB (low) (sf)CCC (sf)not yet reported2024-11-122026-10-15
DowngradeCCC (sf)C (sf)not yet reported2025-11-062026-10-15

Class NR

S&P: current rating NR

ActionPrior ratingRatingOutlook / watch afterAction datePublicly knowable
New ratingnot yet reportedNR (prelim.)not yet reported2012-09-212026-10-01
New ratingNR (prelim.)NRnot yet reported2012-10-182026-10-01
No action code in sourceNR (prelim.)NR (prelim.)not yet reported2012-10-182026-10-01

Class X-A

Fitch: current rating PIF

ActionPrior ratingRatingOutlook / watch afterAction datePublicly knowable
New ratingnot yet reportedAAAnot yet reported2012-10-182026-10-01
Watch actionAAAPIFnot yet reported2022-07-202026-10-01

KBRA: current rating WR

ActionPrior ratingRatingOutlook / watch afterAction datePublicly knowable
No action code in sourcenot yet reportedAAAnot yet reported2012-09-202026-10-01
New ratingAAAAAAnot yet reported2012-10-182026-10-01
No action code in sourceAAAAAAnot yet reported2013-10-082026-10-01
No action code in sourceAAAAAAnot yet reported2014-09-262026-10-01
No action code in sourceAAAAAAnot yet reported2015-09-222026-10-01
No action code in sourceAAAAAAnot yet reported2016-09-092026-10-01
No action code in sourceAAAAAAnot yet reported2017-09-112026-10-01
No action code in sourceAAAAAAnot yet reported2018-08-092026-10-01
No action code in sourceAAAAAAnot yet reported2019-08-072026-10-01
No action code in sourceAAAAAAnot yet reported2020-08-132026-10-01
No action code in sourceAAAAAAnot yet reported2021-08-132026-10-01
Watch actionAAAWRnot yet reported2022-07-282026-10-01

S&P: current rating NR

ActionPrior ratingRatingOutlook / watch afterAction datePublicly knowable
New ratingnot yet reportedAAA (sf) (prelim.)not yet reported2012-09-212026-10-01
New ratingAAA (sf) (prelim.)AAA (sf)not yet reported2012-10-182026-10-01
Outlook or watch actionAAA (sf)NR (prelim.)not yet reported2012-10-182026-10-01
No action code in sourceNR (prelim.)AAA (sf)not yet reported2015-05-122026-10-01
No action code in sourceAAA (sf)AAA (sf)not yet reported2017-12-132026-10-01
No action code in sourceAAA (sf)AAA (sf)not yet reported2020-08-252026-10-01
No action code in sourceAAA (sf)AAA (sf)not yet reported2022-05-272026-10-01
Watch actionAAA (sf)NRnot yet reported2022-08-082026-10-01

Class X-B

KBRA: current rating WR

ActionPrior ratingRatingOutlook / watch afterAction datePublicly knowable
No action code in sourcenot yet reportedAAAnot yet reported2012-09-202026-10-01
New ratingAAAAAAnot yet reported2012-10-182026-10-01
No action code in sourceAAAAAAnot yet reported2013-10-082026-10-01
No action code in sourceAAAAAAnot yet reported2014-09-262026-10-01
No action code in sourceAAAAAAnot yet reported2015-09-222026-10-01
No action code in sourceAAAAAAnot yet reported2016-09-092026-10-01
No action code in sourceAAAAAAnot yet reported2017-09-112026-10-01
No action code in sourceAAAAAAnot yet reported2018-08-092026-10-01
No action code in sourceAAAAAAnot yet reported2019-08-072026-10-01
No action code in sourceAAAAAAnot yet reported2020-08-132026-10-01
No action code in sourceAAAAAAnot yet reported2021-08-132026-10-01
Watch actionAAAWRnot yet reported2022-08-262026-10-01

S&P: current rating NR (prelim.)

ActionPrior ratingRatingOutlook / watch afterAction datePublicly knowable
New ratingnot yet reportedNR (prelim.)not yet reported2012-09-212026-10-01
No action code in sourceNRNR (prelim.)not yet reported2012-10-182026-10-01
New ratingNR (prelim.)NRnot yet reported2012-10-182026-10-01

DBRS: current rating C (sf) (Stb; Negative)

ActionPrior ratingRatingOutlook / watch afterAction datePublicly knowable
New ratingnot yet reportedAAA (sf)Stb2012-09-202026-10-15
New ratingAAA (sf)AAA (sf)Stb2012-10-182026-10-15
No action code in sourceAAA (sf)AAA (sf)Stb2013-08-302026-10-15
No action code in sourceAAA (sf)AAA (sf)Stb2014-08-292026-10-15
No action code in sourceAAA (sf)AAA (sf)Stb2015-07-062026-10-15
No action code in sourceAAA (sf)AAA (sf)Stb2016-07-052026-10-15
DowngradeAAA (sf)B (high) (sf)Stb2017-03-152026-10-15
No action code in sourceB (high) (sf)B (high) (sf)Stb2017-07-052026-10-15
No action code in sourceB (high) (sf)B (high) (sf)Stb2018-06-292026-10-15
No action code in sourceB (high) (sf)B (high) (sf)Stb2019-03-262026-10-15
No action code in sourceB (high) (sf)B (high) (sf)Stb2020-03-252026-10-15
No action code in sourceB (high) (sf)B (high) (sf)Negative2020-08-062026-10-15
No action code in sourceB (high) (sf)B (high) (sf)Neg2021-03-152026-10-15
No action code in sourceB (high) (sf)B (high) (sf)Neg2022-02-152026-10-15
No action code in sourceB (high) (sf)B (high) (sf)Stb2022-12-142026-10-15
DowngradeB (high) (sf)B (sf)Stb2022-12-142026-10-15
No action code in sourceB (sf)B (sf)Stb2023-11-202026-10-15
DowngradeB (sf)CCC (sf)not yet reported2024-11-122026-10-15
DowngradeCCC (sf)C (sf)not yet reported2025-11-062026-10-15

Action date is the date the agency took the rating action. Publicly knowable is the publication date of the agency's rating history file, published under SEC Rule 17g-7(b), in which the action is recorded in this dataset. The dataset holds each agency's current published history, so the publicly knowable date is the current file's date and is an upper bound on when the action first became public in this form: earlier editions of the file carried older actions sooner. Actions labeled "No action code in source" are records the agency's file carries without a rating action code, principally affirmations and outlook or watch updates; the rating shown is the rating recorded with the record. Outlook and watch states are shown as recorded after each action, so the state in force between two actions is the state shown on the earlier row.