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Bear Stearns Commercial Mortgage Securities Trust 2007-PWR15 Ratings Lowered On 12 Classes; Five Other Ratings Affirmed Sep 11
Standard & Poors, Sep 2011
Abstract
OVERVIEW We lowered our ratings on 12 classes from Bear Stearns Commercial Mortgage Securities Trust 2007-PWR15, a U.S. CMBS transaction. In addition, we affirmed our ratings on five other classes from the same transaction. Our rating actions reflect our analysis of the transaction primarily using our U.S. conduit and fusion CMBS criteria. Our rating actions also reflect our expectation that the second-largest loan in the pool, the World Market Center II loan, will experience a significant loss at its maturity in 2017. We lowered our ratings to 'D (sf)' on seven of the 12 downgraded classes because we believe the accumulated interest shortfalls will remain outstanding for the foreseeable future. NEW YORK (Standard & Poor's) Sept. 23, 2011--Standard & Poor's...
Companies mentioned in this report are: Bear Stearns Commercial Mortgage Securities Trust 2007-PWR15
Action: Affirmed
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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