OREANDA-NEWS. S&P Global Ratings today assigned its ratings to Wells Fargo Commercial Mortgage Trust 2016-BNK1's $870.6 million commercial mortgage pass-through certificates (see list).

The note issuance is a commercial mortgage-backed securities transaction backed by 40 commercial mortgage loans with an $870.6 million aggregate principal balance, secured by the fee and leasehold interests in 46 properties across 23 states.

The ratings reflect the credit support that the transaction structure provides, our view of the underlying collateral's economics, the trustee-provided liquidity, the collateral pool's relative diversity, and our overall qualitative assessment of the transaction.