Citigroup plans to issue a $240 million of commercial mortgage backed securities backed by a single shopping mall, according to a presale report; the deal is called Citigroup Commercial Mortgage Trust 2013-SMP.

Kroll Bond Rating Agency assigned preliminary ratings to the deal. Seven classes of certificates will be issued, of which four classes are entitled to principal and interest, two classes receive interest only, and one class is a residual interest. KBRA assigned a ‘AAA’  to the class A notes; ‘AAA’ to class X-A and X-B notes; ‘AA-‘ to the class B notes; ‘A-‘ to the class C notes; and ‘BBB-‘ to the class D notes.

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