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Bear Stearns Commercial Mortgage Securities Trust Series 2007-PWR17 Ratings Lowered On 11 Classes; Seven Affirmed Dec 11
Standard & Poors, Dec 2011
Abstract
OVERVIEW We lowered our ratings on 11 commercial mortgage pass-through certificates from Bear Stearns Commercial Mortgage Securities Trust series 2007-PWR17 U.S. CMBS transaction. Concurrently, we affirmed our ratings on seven other classes from the same transaction We lowered our rating to 'D (sf)' on the class J certificates because we expect interest shortfalls to continue and because we believe the accumulated interest shortfalls will remain outstanding for the foreseeable future. Our rating actions reflect our analysis of the transaction primarily using our U.S. CMBS conduit/fusion criteria. Our analysis included a review of the credit characteristics of all of the assets in the pool, the transaction structure, and the liquidity available to the trust. NEW YORK (Standard & Poor's) Dec. 9,...
Companies mentioned in this report are: Bear Stearns Commercial Mortgage Securities Trust 2007-PWR17
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
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