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Ratings Lowered On Class F, G, And H Notes In Titan Europe 2006-2's CMBS Transaction Nov 10 Product Image

Ratings Lowered On Class F, G, And H Notes In Titan Europe 2006-2's CMBS Transaction Nov 10

  • Published: November 2010
  • Region: Europe
  • Standard & Poors

Abstract
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

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 READ MORE >

- Titan Europe 2006-2 PLC

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