OREANDA-NEWS. S&P Global Ratings today affirmedits 'AA+ (sf)' ratings on four classes of commercial mortgage pass-through certificates from Banc of America Large Loan Inc.'s series 2009-FDG, a U. S. commercial mortgage-backed securities (CMBS) transaction (see list).

The affirmations reflect the transaction paying as expected, the application of our U. S. structured finance defeasance criteria, and the long-term credit rating on the U. S. ('AA+/Stable/A-1+'), which S&P Global Ratings affirmed on June 30, 2016. All of the affected classes in the transaction entirely derivedtheir respective cash flows from U. S. government obligations. As of the June 27, 2016, trustee remittance report, the trust consists of the Flagler Development Group Portfolio loan totaling $415.2 million. Consistent with our criteria, the commercial real estate securing the mortgage loan collateralizing the affected transaction was previously released from the respective liens and replaced or substituted by defeased collateral. Prior to the defeasance, the sole collateral loan was secured by Flagler Development Group Portfolio, a 5.8 million-sq.-ft. office; industrial; and other properties located throughout the U. S.