- Language: English
- Published: August 2012
GMAC Commercial Mortgage Securities Inc. Series 2002-C2 Ratings Lowered On Six Classes; Nine Affirmed
- Published: March 2011
- Standard & Poors
OVERVIEW We lowered our ratings on six U.S. CMBS classes from GMAC Commercial Mortgage Securities Inc.'s series 2002-C2. At the same time, we affirmed our ratings on nine other classes from the same transaction. The downgrades and affirmations reflect our analysis of the collateral in the pool, the deal structure, and the liquidity available to the trust. Our rating actions are tempered by the volume of non-defeased loans that are scheduled to mature through July 2012 (56.7% of the trust balance). NEW YORK (Standard & Poor's) March 21, 2011--Standard & Poor's Ratings Services today lowered its ratings on six classes of commercial mortgage-backed securities (CMBS) from GMAC Commercial Mortgage Securities Inc.'s series 2002-C2. In addition, we affirmed our ratings on
Companies mentioned in this report are: GMAC Commercial Mortgage Securities, Inc.
GMAC Commercial Mortgage Securities, Inc.
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