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Presale: JPMDB Commercial Mortgage Securities Trust 2020-COR7

S&P Global Ratings continues to closely monitor the COVID-19 virus' affect on U.S. commercial real estate fundamentals and its ratings on U.S. commercial mortgage-backed securities (CMBS), particularly in the lodging and retail sectors (see "U.S. Lodging-Backed CMBS Bracing For The Impact Of COVID-19," published March 23, 2020). We expect CMBS loan performance will vary significantly by property, market, and borrower. Please refer to our recent articles ("COVID-19 Deals A Larger, Longer Hit To Global GDP," published April 16, 2020, and "U.S. CMBS Conduit Update Q1 2020: The Magnitude Of COVID-19 Fallout Remains Uncertain," published April 17, 2020) for additional information. As the situation evolves, we will update our assumptions and estimates accordingly. The preliminary ratings assigned to the JPMDB Commercial