Bayview Assigned CMBS Servicer Ratings

Fitch Ratings has assigned primary and special servicer ratings to Bayview Loan Servicing LLC for its servicing of small loans for commercial mortgage-backed securities.The ratings were as follows: primary servicer, CPS3-plus Small Loans; and special servicer, CSS3-plus Small Loans. Fitch said the primary servicer rating reflects Bayview's "experienced servicing management and staff, including asset managers, and its experience as a small-balance commercial mortgage loan servicer." The special servicer rating, the first assigned in Fitch's CMBS small-loan servicer rating program, is based on the company's ability to "work out, resolve, and dispose small-balance commercial mortgage loans and real-estate-owned properties," the rating agency said. Fitch rates commercial mortgage servicers on a scale of 1 to 4, with 1 being the highest rating.