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Bear Stearns Commercial Mortgage Securities Trust 2006-PWR12 Ratings Lowered On 15 Classes; Six Ratings Affirmed Oct 11
Standard & Poors, Oct 2011
Abstract
OVERVIEW We lowered our ratings on 15 classes from Bear Stearns Commercial Mortgage Securities Trust 2006-PWR12, a U.S. CMBS transaction. In addition, we affirmed our 'AAA (sf)' ratings on six other classes from the same transaction. Our rating actions reflect our analysis of the transaction primarily using our U.S. conduit/fusion CMBS criteria. We lowered our ratings to 'D (sf)' on the class H, J, K, L, M, N, and O certificates because we believe the accumulated interest shortfalls will remain outstanding for the foreseeable future. NEW YORK (Standard & Poor's) Oct. 4, 2011--Standard & Poor's Ratings Services today lowered its ratings on 15 classes of commercial mortgage pass-through certificates from Bear Stearns Commercial Mortgage Securities Trust 2006-PWR12, a U.S. commercial...
Companies mentioned in this report are: Bear Stearns Commercial Mortgage Securities Trust 2006-PWR12
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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