Morgan Stanley Capital I Trust 2004-RR2 Ratings Lowered On 11 Classes; Two 'AAA (sf)' Ratings Affirmed May 12
- Language: English
- Published: May 2012
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
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Greenwich Capital Commercial Mortgage Trust 2007-RR2