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Bear Stearns Commercial Mortgage Securities Trust 2007-PWR15 Class G And H Ratings Lowered To 'D (sf)'
Standard & Poors, May 2011
Abstract
OVERVIEW We lowered our ratings to 'D (sf)' from 'CCC- (sf)' on the class G and H commercial mortgage pass-through certificates from Bear Stearns Commercial Mortgage Securities Trust 2007-PWR15. The downgrades of these classes reflect our assessment of current and potential interest shortfalls. Also, we expect these classes to experience credit support erosion and expect the class H certificates to experience principal losses due to the resolution of one of the 15 assets currently with the special servicer. NEW YORK (Standard & Poor's) May 11, 2011--Standard & Poor's Ratings Services today lowered its ratings to 'D (sf)' from 'CCC- (sf)' on the class G and H certificates from Bear Stearns Commercial Mortgage Securities Trust 2007-PWR15, a U.S. Commercial Mortgage Backed...
Companies mentioned in this report are: Bear Stearns Commercial Mortgage Securities Trust 2007-PWR15
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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