- Language: English
- Published: October 2012
- Region: United States
Greenwich Capital Commercial Mortgage Trust 2007-RR2 Ratings Lowered To 'D (sf)' On Three CMBS Re-REMIC Classes Oct 11
- ID: 1929139
- October 2011
- Standard & Poors
OVERVIEW We lowered our ratings on three classes from Greenwich Capital Commercial Mortgage Trust 2007-RR2, a U.S. CMBS re-REMIC transaction, to 'D (sf)' from 'CCC- (sf)'. The downgrades primarily reflect our analysis of the interest shortfalls affecting the transaction as noted in the Sept. 21, 2011, trustee report. We expect the accumulated interest shortfalls to remain outstanding for the foreseeable future. NEW YORK (Standard & Poor's) Oct. 4, 2011--Standard & Poor's Ratings Services today lowered its ratings on the class A-1FL, A-1FX, and A-2 commercial mortgage-backed securities (CMBS) pass-through certificates from Greenwich Capital Commercial Mortgage Trust's series 2007-RR2 (GCCMT 2007-RR2), a U.S. resecuritized real estate mortgage investment conduit (re-REMIC) transaction, to 'D (sf)' from 'CCC- (sf)'. The downgrades primarily reflect...
Companies mentioned in this report are: Greenwich Capital Commercial Mortgage Trust 2007-RR2
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.
Greenwich Capital Commercial Mortgage Trust 2007-RR2