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ARCap 2006-RR7 Resecuritization Inc. Ratings Lowered On 4 Classes May 11
Standard & Poors, May 2011
Abstract
OVERVIEW We lowered our ratings on four classes from ARCap 2006-RR7 Resecuritization, a U.S. re-REMIC transaction. The downgrades reflect our analysis of the interest shortfalls affecting the transaction as noted in the April 27, 2011, trustee report due to the interest shortfalls on the underlying collateral. NEW YORK (Standard & Poor's) May 26, 2011--Standard & Poor's Ratings Services today lowered its ratings on four classes of commercial mortgage-backed securities (CMBS) pass-through certificates from ARCap 2006-RR7 Resecuritization Inc. (ARCAP 2006-RR7), a U.S. resecuritized real estate mortgage investment conduit (re-REMIC) transaction (see list). The downgrades reflect our analysis of the transaction due to interest shortfalls. We downgraded classes B and C to 'D (sf)' due to interest shortfalls that we expect will...
Companies mentioned in this report are: ARCap 2006-RR7 Resecuritization, Inc.
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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