Kroll Bond Rating Agency (KBRA) has assigned preliminary ratings to a $1.34 billion CMBS conduit sponsored by JP Morgan and Barclays. 

The deal, JPMBB 2013-C12, is collateralized by 77 commercial mortgage loans that are secured by 107 properties. The capital structure will offer six classes of ‘AAA’-rated, class A notes; ‘AA-’-rated class B notes; ‘A-’ rated C notes; ‘BBB-’-rated D notes; ‘BB’-rated E notes and ‘B’-rated F notes.

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