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CBA Commercial Assets Series 2005-1 Class M-2 Rating Lowered To 'D (sf)' Dec 11 Product Image

CBA Commercial Assets Series 2005-1 Class M-2 Rating Lowered To 'D (sf)' Dec 11

  • ID: 2030120
  • December 2011
  • Standard & Poors

Abstract
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
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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