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Capital Trust Re CDO 2005-1 Ltd. Ratings Lowered On Five Classes To 'D (sf)'; Three Other Ratings Affirmed Jan 12
Standard & Poors, Jan 2012
Abstract
OVERVIEW We lowered our ratings to 'D (sf)' on five classes from Capital Trust Re CDO 2005-1 Ltd., a commercial real estate collateralized debt obligation transaction. We affirmed our ratings on three additional classes from the same transaction. The rating actions primarily reflect our analysis of the deal following the deterioration in the transaction's collateralization ratio and exposure to defaulted assets. The rating actions also reflect our analysis of the transaction and its underlying collateral. The downgrades to 'D (sf)' reflect our determination that the classes D, E, F, G, and H are unlikely to be repaid in full. NEW YORK (Standard & Poor's) Jan. 27, 2012--Standard & Poor's Ratings Services today lowered its ratings to 'D (sf)' on five...
Companies mentioned in this report are: Capital Trust RE CDO 2005-1 Ltd
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
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.
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