NEW YORK–(BUSINESS WIRE)– #creditratingagency–KBRA announces the assignment of preliminary ratings to six classes of EQUS 2026-PHNX, a CMBS single-borrower securitization. The collateral for the transaction is a $527.1 million floating rate, interest-only mortgage loan. The loan is expected to have an initial two-year term with three, one-year extension options and require monthly interest-only payments. The loan will be secured by the borrower’s fee simple interests in 31 industrial assets, which collectively to