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15 Ratings Lowered On Three U.S. CMBS Transactions Due To Interest Shortfalls Aug 11
Standard & Poors, Aug 2011
Abstract
OVERVIEW We lowered our ratings on 15 classes from three U.S. CMBS transactions due to current and potential interest shortfalls. We lowered our ratings on 10 of these classes to 'D (sf)' because we expect the accumulated interest shortfalls to remain outstanding for the foreseeable future. NEW YORK (Standard & Poor's) Aug. 5, 2011--Standard & Poor's Ratings Services today lowered its ratings on 15 classes of commercial mortgage pass-through certificates from three U.S. commercial mortgage-backed securities (CMBS) transactions due to interest shortfalls (see list). The downgrades reflect current and potential interest shortfalls. We lowered our ratings on 10 of these classes to 'D (sf)' because we expect the accumulated interest shortfalls to remain outstanding for the foreseeable future. Of the...
Companies mentioned in this report are: Morgan Stanley Dean Witter Capital I Trust 2002-HQ,Morgan Stanley Capital I Trust 2005-HQ5,Morgan Stanley Capital I Trust 2007-HQ13
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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