Ratings On Classes E-2 To G-2 Of L-JAC Five Lowered To 'D (sf)' Sep 11

Standard & Poors, September 2011

Abstract
OVERVIEW L-JAC Five Trust Beneficial Interest is a multiborrower CMBS transaction that was arranged by Lehman Brothers Japan Inc. Collection activities relating to one of the transaction's underlying loans, which has defaulted, have been completed. We have confirmed that the remaining principal on classes E-2 to G-2 has been written off following the impairment on the loan. We have lowered to 'D (sf)' our ratings on classes E-2 to G-2. TOKYO (Standard & Poor's) Sept. 20, 2011--Standard & Poor's Ratings Services today said that it has lowered to 'D (sf)' from 'CC (sf)' its ratings on classes E-2 to G-2 issued under the L-JAC Five Trust Beneficial Interest (L-JAC Five) transaction (see list below). Collection activities relating to one of...

Companies mentioned in this report are: L-JAC Five Trust Beneficial Interest
Action: Downgraded

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Research type: News
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L-JAC Five Trust Beneficial Interest

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