WaMu Commercial Mortgage Securities Trust 2006-SL1 Class H Rating Lowered To 'D (sf)' Due To Principal Loss Mar 12
- Language: English
- Published: March 2012
OVERVIEW We lowered our rating to 'D (sf)' on the class M-2 CMBS certificate from CBA Commercial Assets' series 2005-1, a U.S. CMBS transaction, reflecting a $1,234,968 principal loss. NEW YORK (Standard & Poor's) Dec. 9, 2011--Standard & Poor's Ratings Services today lowered its rating to 'D (sf)' on the class M-2 commercial mortgage pass-through certificates from CBA Commercial Assets 2005-1, a U.S. commercial mortgage backed securities (CMBS) transaction. The downgrade of the class M-2 certificate to 'D (sf)' reflects a $1,234,968 principal loss, 21.9% to the outstanding principal balance. The current outstanding principal balance for class M-2 as of the Nov. 25, 2011, remittance report is $4,405,031. In addition, the class M-3 certificate also experienced a principal loss. The...
Companies mentioned in this report are: CBA Commercial Assets 2005-1
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CBA Commercial Assets 2005-1