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BULLETIN: Ratings In Opera Finance (Metro Centre) CMBS Unchanged After Latest Review Jun 06
Standard & Poors, June 2006
Abstract
LONDON (Standard & Poor's) June 9, 2006-Standard & Poor's Ratings Services said today that there are no changes to the ratings in the Opera Finance (Metro Centre) PLC transaction following Standard & Poor's review of the May 2006 servicer's report released by Eurohypo AG (see list below). Our review shows that the transaction is performing in line with our expectations and that no rating action is warranted at this time. The transaction was originated by Eurohypo AG, London branch and closed in February 2005. At closing, the -600 million commercial mortgage-backed floating-rate notes were backed by one loan secured on the MetroCentre shopping centre in Gateshead, northeast England. It is a 10-year partially amortizing loan, maturing in February 2015. The...
Companies mentioned in this report are: Opera Finance (Metro Centre) PLC,Eurohypo AG
Action: Bulletin
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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