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Banc of America Commercial Mortgage Trust 2008-1 Ratings Lowered On Eight Classes; Eight Other Ratings Affirmed Feb 12
Standard & Poors, Feb 2012
Abstract
OVERVIEW We lowered our ratings on eight classes from Banc of America Commercial Mortgage Trust 2008-1, a U.S. CMBS transaction. In addition, we affirmed our ratings on eight other classes from the same transaction. The downgrades primarily reflect credit support erosion that we anticipate will occur upon the eventual resolution of nine of the transaction's 11 specially serviced assets, as well as a reduction in the liquidity support available to the subject classes due to interest shortfalls. NEW YORK (Standard & Poor's) Feb. 9, 2012--Standard & Poor's Ratings Services today lowered its ratings on eight classes of commercial mortgage pass-through certificates from Banc of America Commercial Mortgage Trust 2008-1, a U.S. commercial mortgage-backed securities (CMBS) transaction. Concurrently, we affirmed our...
Companies mentioned in this report are: Banc of America Commercial Mortgage Trust 2008-1
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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