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S&PCORRECT: Ratings On Classes E-1 To I-1 Of L-JAC Five Lowered To 'CC (sf)' Jan 12 Product Image

S&PCORRECT: Ratings On Classes E-1 To I-1 Of L-JAC Five Lowered To 'CC (sf)' Jan 12

  • Published: January 2012
  • Standard & Poors

Abstract
OVERVIEW L-JAC Five Trust Beneficial Interest is a multiborrower CMBS transaction that was arranged by Lehman Brothers Japan Inc. The sale of the property backing one of the transaction's remaining loans, which has defaulted, has been completed. We have learned that the servicer waived part of the principal on the loan. We have lowered to 'CC (sf)' our ratings on classes E-1 to I-1. TOKYO (Standard & Poor's) Dec. 12, 2011--Standard & Poor's Ratings Services today said that it has lowered to 'CC (sf)' from 'CCC- (sf)' its ratings on the class E-1 to I-1 trust certificates issued under the L-JAC Five Trust Beneficial Interest (L-JAC Five) transaction (see list below). We today downgraded classes E-1 to I-1 because we...

Companies mentioned in this report are: L-JAC Five Trust Beneficial Interest
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, READ MORE >

L-JAC Five Trust Beneficial Interest

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