Rating Lowered On Titan Europe 2006-1's Class D CMBS Notes Due To Cash Flow Disruptions; Class E To H Notes Affirmed Oct 12
- Language: English
- Published: October 2012
- Region: Europe
OVERVIEW The class H notes suffered a second consecutive interest shortfall on the October 2010 note interest payment date. The interest shortfalls follow a nonpayment of interest under the Velvet loan. We have lowered the ratings on the class F, G, and H notes. All other ratings remain unchanged. Titan Europe 2006-2 is a CMBS transaction that closed in 2006 and comprises four loans secured on multifamily housing properties in Germany. LONDON (Standard & Poor's) Nov. 10, 2010--Standard & Poor's Ratings Services today lowered its credit ratings on Titan Europe 2006-2 PLC's class F, G, and H notes (see list below). These rating actions follow a second consecutive shortfall in interest payments on the class H notes and our expectation...
Companies mentioned in this report are:
- Titan Europe 2006-2 PLC
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