14 Ratings Lowered On Three U.S. CMBS Deals Due To Interest Shortfalls May 11

Standard & Poors, May 2011

Abstract
OVERVIEW We lowered our ratings on 14 classes from three U.S. CMBS transactions due to current and potential interest shortfalls. We lowered our ratings on 13 of these classes to 'D (sf)' because we expect that accumulated interest shortfalls will remain outstanding for the foreseeable future. NEW YORK (Standard & Poor's) May 4, 2011--Standard & Poor's Ratings Services today lowered its ratings on 14 classes of commercial mortgage pass-through certificates from three U.S. commercial mortgage-backed securities (CMBS) transactions due to interest shortfalls (see list). The downgrades reflect current and potential interest shortfalls. We lowered our ratings on 13 of these classes to 'D (sf)' because we expect that accumulated interest shortfalls will remain outstanding for the foreseeable future. Eleven of...

Companies mentioned in this report are:
- Bear Stearns Commercial Mortgage Securities Trust 2006-PWR11
- Wachovia Bank Commercial Mortgage Trust
- COMM 2004-LNB4

Action: Downgraded

Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.

Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.

- Bear Stearns Commercial Mortgage Securities Trust 2006-PWR11
- Wachovia Bank Commercial Mortgage Trust
- COMM 2004-LNB4

Customers who bought this item also bought

• Hungary Defence and Security Report 2012
• Unmanned Maritime Systems for Defense and Security: UUV and USV Current Vendors, Products, Markets, Technologies and Uses
• South Africa Defence and Security Report Q1 2013
• Virtuous Imbalance
• World Event Security Markets
• South Africa Defence and Security Report Q2 2013
• Government Guarantees - In Focus
• Executive Analysis of the Indian Defence Industry
• Gyroscopes and IMUs for Defense, Aerospace & Industrial 2012
• Survey of Public Library Efforts to Provide Job Information Resources