Gramercy Park CLO Ltd./Gramercy Park CLO Corp. $455.45 Million Floating-Rate Notes Assigned Ratings Aug 12
- Language: English
- Published: August 2012
OVERVIEW We lowered our ratings on eight classes from Gramercy Real Estate CDO 2005-1 Ltd., a U.S. CRE CDO transaction. At the same time, we affirmed our ratings on three other classes from this transaction. The downgrades and affirmations primarily reflect our assessment of the increased risks and credit stability considerations to the notes prior to their repayment through the transaction's payment waterfall. The rating actions also reflect the transaction's exposure to downgraded underlying CMBS collateral. NEW YORK (Standard & Poor's) Feb. 2, 2012--Standard & Poor's Ratings Services today lowered its ratings on eight classes from Gramercy Real Estate CDO 2005-1 Ltd. (Gramercy 2005-1), a U.S. commercial real estate collateralized debt obligation (CRE CDO) transaction. At the same time, we...
Companies mentioned in this report are: Gramercy Real Estate CDO 2005-1 Ltd
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Gramercy Real Estate CDO 2005-1 Ltd