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A CMBS issuance is $ 5 6 0 , 5 3 9 , 6 5 5 , of which the AAA - rated senior tranches

A CMBS issuance is $560,539,655, of which the AAA-rated senior tranches total $389,575,000 of the principal balance, the AAA rated subordinate class (or A-S Class) is 28,727,000, the AA rated tranche is $15,415,000 and the Single A rated tranche is $30,830,000. The amount of the deal that is subordinate to (also called the subordination level) the Single A rated tranche is
17.13%
82.87%
22.63%
30.50%

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