|
|
 |
|
Viewing report
|
|
|
|
23 Ratings Lowered On Five U.S. CMBS Transactions Due To Interest Shortfalls; 14 Lowered To 'D (sf)'
Standard & Poors, Sep 2010
Abstract
OVERVIEW We lowered our ratings on 23 classes from five U.S. CMBS transactions due to recurring interest shortfalls. We lowered our ratings on 14 of these classes to 'D (sf)' because we expect these shortfalls to continue. NEW YORK (Standard & Poor's) Sept. 28, 2010--Standard & Poor's Ratings Services today lowered its ratings on 23 classes of certificates from five U.S. commercial mortgage-backed securities (CMBS) transactions due to interest shortfalls (see list). We lowered our ratings on 14 of these classes to 'D (sf)' because we expect these downgrades to continue. The 14 downgraded classes that we set to 'D (sf)' have experienced interest shortfalls for seven or more months. The recurring interest shortfalls for the respective certificates are primarily...
Companies mentioned in this report are: JPMorgan Chase Commercial Mortgage Securities Trust 2006-CIBC14,Credit Suisse First Boston Mortgage Securities Corp.,LB-UBS Commercial Mortgage Trust 2005-C7,ML-CFC Commercial Mortgage Trust 2006-4,ML-CFC Commercial Mortgage Trust 2007-9
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.
|
|
|
|
