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Additional Bonds (Class E2) Issued Under CSC, Series 1 GK CMBS Deal Assigned 'BBB-' Rating
Standard & Poors
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.
Abstract
TOKYO (Standard & Poor's) March 20, 2007--Standard & Poor's Ratings Services today assigned its 'BBB-' rating to -0.9 billion worth of additional yen-denominated bonds issued on March 20, 2007, under the CSC, Series 1 GK transaction. The additional bonds are in class E-2. All of the bonds issued under this transaction are ultimately secured by 11 non-recourse loans backed by 72 real estate properties, and are due November 2012 (see list below). This transaction is arranged by Credit Suisse Securities (Japan) Ltd. The rating assigned to the class E-2 bonds addresses the full payment of interest and principal by the transaction's legal final maturity date. The rating is based on: -- The quality of the loans that secure the bonds;...
Companies mentioned in this report are: CSC, Series 1 GK
Action: New Rating
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