Moody’s rating action reflects a base expected loss of 7.6% of the current balance, compared to 27.2% at Moody’s last review. Please see http://www.moodys.com for any updates on changes to the lead rating analyst and to the Moody’s legal entity that has issued the rating.

source https://finance.yahoo.com/m/c77b840f-ae04-3f7a-84ab-8316c90dcc94/cobalt-cmbs-commercial.html?.tsrc=rss