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Bulletin: Ratings Unchanged In Opera Germany (No. 1) GmbH German CMBS Transaction Oct 07
Standard & Poors, Oct 2007
Abstract
FRANKFURT (Standard & Poor's) Oct. 26, 2007-Standard & Poor's Ratings Services said today that following its review of Opera Germany (No. 1) GmbH based on the October 2007 servicer's report released by Eurohypo AG, there are no changes to the ratings on the notes (see list below). Standard & Poor's review shows that the transaction's performance is stable and that no rating action is warranted at this time. The transaction was originated by Eurohypo and closed in September 2006. At closing, Opera Germany (No. 1) acquired the senior portions of two commercial loans originated by Eurohypo. The PRIMA loan is secured by 27 mainly residential properties in Berlin with a total area of 279,553 sq. m., and the TSK loan...
Companies mentioned in this report are: Opera Germany (No. 1) GmbH,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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