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Bulletin: Ratings Unchanged In German Residential Funding PLC CMBS Transaction
Standard & Poors, Jan 2008
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
LONDON (Standard & Poor's) Jan. 22, 2008-Standard & Poor's Ratings Services said today that following its review of German Residential Funding PLC, based on the November 2007 investor report released by Capmark Services Ireland Ltd., there are no changes to the ratings on the notes (see list below). Our review shows that the transaction's performance is stable and that no rating action is warranted at this time. The securitized pool balance has remained at -2,660 million since closing as there has been no amortization or loan prepayments. The loan is interest-only and so interest is paid on the notes as they fall due. According to the November 2007 investor report, the loan is secured over 91,429 properties, compared with 92,932...
Companies mentioned in this report are: German Residential Funding PLC,Capita Asset Services (Ireland) Ltd.
Action: Bulletin
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