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Morgan Stanley Capital I Trust 2006-TOP23 Ratings Lowered On 11 Classes; Six Others Affirmed Jun 11
Standard & Poors, June 2011
OVERVIEW We lowered our ratings on 11 classes from Morgan Stanley Capital I Trust 2006-TOP23, a U.S. CMBS transaction. In addition, we affirmed our ratings on six other classes from the same transaction. Our rating actions reflect our analysis of the transaction primarily using our U.S. conduit and fusion CMBS criteria. We lowered our rating on class L to 'D (sf)' because we expect interest shortfalls to continue for the foreseeable future. NEW YORK (Standard & Poor's) June 10, 2011--Standard & Poor's Ratings Services today lowered its ratings on 11 classes of commercial mortgage pass-through certificates from Morgan Stanley Capital I Trust 2006-TOP23, a U.S. commercial mortgage-backed securities (CMBS) transaction. Concurrently, we affirmed our ratings on six other classes from...
Companies mentioned in this report are: Morgan Stanley Capital I Trust 2006-TOP23
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
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Morgan Stanley Capital I Trust 2006-TOP23