Gramercy Real Estate CDO 2007-1 Ltd. Ratings Lowered On Five Classes; 11 'CCC- (sf)' Ratings Affirmed Sep 11
- Language: English
- Published: September 2011
OVERVIEW We lowered our ratings on 13 classes from Ansonia CDO 2007-1 Ltd., a commercial real estate collateralized debt obligation (CRE CDO) transaction, to 'D (sf)' from 'CCC- (sf)'. Subsequently, we withdrew all 17 outstanding ratings on the transaction. The downgrades reflect principal losses to the rated classes following nonpayment of the par principal balance upon liquidation of the collateral. The withdrawals of the ratings on classes A-1 through Q reflect the reduction of the principal balances to zero. NEW YORK (Standard & Poor's) Oct. 4, 2011--Standard & Poor's Ratings Services today lowered its ratings on 13 classes from Ansonia CDO 2007-1 Ltd., a commercial real estate collateralized debt obligation (CRE CDO) transaction, to 'D (sf)' from 'CCC- (sf)'. We...
Companies mentioned in this report are: Ansonia CDO 2007-1 Ltd
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 >
Ansonia CDO 2007-1 Ltd