Citigroup Commercial Mortgage Trust 2008-C7 Ratings Lowered On 13 Classes; Five 'AAA (sf)' Ratings Affirmed Dec 11
- Language: English
- Published: December 2011
OVERVIEW We lowered our rating on class J from Citigroup Commercial Mortgage Trust 2008-C7 to 'D (sf)' due to a principal loss. NEW YORK (Standard & Poor's) June 16, 2011--Standard & Poor's Ratings Services today lowered its rating to 'D (sf)' on the class J commercial mortgage pass-through certificates from Citigroup Commercial Mortgage Trust 2008-C7, a U.S. commercial mortgage-backed securities (CMBS) transaction. The downgrade follows a principal loss to the class J certificates, which was detailed in the June 10, 2011, remittance report. Class J experienced a 5.9% loss of its $16.2 million original balance. The class K, L, and M certificates, which Standard & Poor's had previously lowered to 'D (sf)', have lost 100% of their respective opening balances....
Companies mentioned in this report are: Citigroup Commercial Mortgage Trust 2008-C7
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Citigroup Commercial Mortgage Trust 2008-C7