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62 'D (sf)' Ratings Withdrawn On Six U.S. CMBS Transactions Oct 11
Standard & Poors, Oct 2011
Abstract
OVERVIEW We withdrew our 'D (sf)' ratings on 62 classes from six U.S. CMBS transactions. The rating withdrawals follow the downgrade of all outstanding classes from each transaction to 'D (sf)' at least a month ago. NEW YORK (Standard & Poor's) Oct. 4, 2011--Standard & Poor's Ratings Services today withdrew its ratings on 62 classes from six U.S. commercial mortgage-backed securities (CMBS) transactions after lowering them to 'D (sf)' at least a month ago (see list). We previously lowered the affected ratings to 'D (sf)' due to either interest shortfalls or principal losses to the classes. The interest shortfalls primarily occurred due to one or more of the following factors: Appraisal subordinate entitlement reduction (ASER) amounts in effect for the...
Companies mentioned in this report are: ARCap 2005-RR5 Resecuritization Inc,Lehman Brothers Floating Rate Commercial Mortgage Trust 2005-LLF C4,Mezz Cap Commercial Mortgage Trust 2005-C3,Greenwich Cap Comm Mtg Trust 2006-RR1,SASCO 2007-BHC1 Trust,Mezz Cap Commercial Mortgage Trust 2007-C5
Action: Withdrawn
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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