|
|
 |
|
Viewing report
|
|
|
|
11 Banc of America Commercial Mortgage Inc. 2002-PB2 Ratings Lowered; Eight Placed On Watch Negative Dec 11
Standard & Poors, Dec 2011
Abstract
OVERVIEW We lowered our ratings on 11 classes from Banc of America Commercial Mortgage Inc.'s series 2002-PB2, a U.S. CMBS transaction. Concurrently, we placed eight of these ratings on CreditWatch with negative implications. Our rating actions reflect the interest shortfalls to the trust and significant outstanding advances that we believe are likely to be recovered by the master servicer in the near future related to four of nine the specially serviced loans. We lowered three classes to 'D (sf)' because we believe the accumulated interest shortfalls will remain outstanding for the foreseeable future. Our rating actions also reflect our preliminary analysis of the assets with the special servicer and the remaining loans in the pool. NEW YORK (Standard & Poor's)...
Companies mentioned in this report are: Banc of America Commercial Mortgage Inc.
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
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.
|
|
|
|
