NEW YORK--(BUSINESS WIRE)-- #creditratingagency--KBRA is pleased to announce the assignment of preliminary ratings to three classes of FREMF Series 2025-K172 mortgage pass-through certificates and three classes of Freddie-Mac structured pass-through certificates (SPCs), Series K-172. FREMF 2025-K172 is a $1.2 billion CMBS multi-borrower transaction. Freddie Mac will guarantee five classes of certificates issued in the underlying Series 2025-K172 securitization and will deposit the guaranteed underlying cert ...