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13 JPMorgan Chase Commercial Mortgage Securities Trust 2007-LDP11 Ratings Lowered; Five 'AAA (sf)' Ratings Affirmed
Standard & Poors, May 2011
Abstract
OVERVIEW We lowered our ratings on 13 classes from JPMorgan Chase Commercial Mortgage Securities Trust 2007-LDP11, a U.S. CMBS transaction. We lowered the rating on class J to 'D (sf)' due to current and potential interest shortfalls. In addition, we affirmed our 'AAA (sf)' ratings on five classes from the same transaction. The downgrades and affirmations reflect our analysis of the transaction primarily using our U.S. conduit and fusion CMBS criteria. Our analysis included a review of the credit characteristics of all of the assets in the pool, the transaction structure, and the liquidity available to the trust. NEW YORK (Standard & Poor's) May 12, 2011--Standard & Poor's Ratings Services today lowered its ratings on 13 classes of commercial mortgage-backed...
Companies mentioned in this report are: JPMorgan Chase Commercial Mortgage Securities Trust 2007-LDP11
Action: Affirmed
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 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.
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