- Language: English
- 71 Pages
- Published: April 2012
- Region: India
Ratings On Classes E-2 To G-2 Of L-JAC Five Lowered To 'D (sf)' Sep 11
- Published: September 2011
- Standard & Poors
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
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.
SHOW LESS READ MORE >
L-JAC Five Trust Beneficial Interest