Moody's assigns Ba3 to Claros loan

Moody's Investors Service said it assigned a Ba3 rating to Claros Mortgage Trust, Inc.'s new term loan B.

The trust’s Ba3 corporate family rating and Ba3 senior secured rating were unaffected by the company's decision to issue a new $763 million secured term loan facility due Aug. 9, 2026, whose proceeds will be used to repay its outstanding term loan, Moody’s said.

The outlook is stable.

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