CNL Commercial Loan Trust 2003-1, 2003-2 Ratings Lowered And Affirmed
Standard & Poors, May 2011
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
OVERVIEW We lowered our ratings on two tranches from CNL Commercial Mortgage Loan Trust 2003-1 and removed them from CreditWatch with negative implications. We also affirmed our ratings on two tranches from CNL Commercial Mortgage Loan Trust 2003-2. The downgrades reflect deteriorating credit performance among the assets in the series 2003-1 collateral pool. NEW YORK (Standard & Poor's) May 9, 2011--Standard & Poor's Ratings Services today lowered its ratings on class A1 and A2 from CNL Commercial Mortgage Loan Trust 2003-1 and removed them from CreditWatch with negative implications. At the same time, we affirmed our ratings on class A1 and A2 from CNL Commercial Mortgage Loan Trust 2003-2 (see list). These transactions are backed by payments from small business...
Companies mentioned in this report are: CNL Commercial Mortgage Loan Trust 2003-2,CNL Commercial Mortgage Loan Trust 2003-1
Action: Affirmed
Action: Downgraded
Action: Removed From CreditWatch
CNL Commercial Mortgage Loan Trust 2003-2,CNL Commercial Mortgage Loan Trust 2003-1
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