13 Ratings Lowered On Four U.S. CMBS Transactions Due To Interest Shortfalls Jul 12
- ID: 2165190
- July 2012
- Region: United States
- Standard & Poors
OVERVIEW We lowered our ratings on 13 classes from four U.S. CMBS transactions due to current and potential interest shortfalls. We lowered our ratings on 10 of these classes to 'D (sf)' because we expect the accumulated interest shortfalls to remain outstanding for the foreseeable future. NEW YORK (Standard & Poor's) July 3, 2012--Standard & Poor's Ratings Services today lowered its ratings on 13 classes of commercial mortgage pass-through certificates from four U.S. commercial mortgage-backed securities (CMBS) transactions due to interest shortfalls (see list). The downgrades reflect current and potential interest shortfalls. We lowered our ratings on 10 of these classes to 'D (sf)' because we expect the accumulated interest shortfalls to remain outstanding for the foreseeable future. All 10...
Companies mentioned in this report are: COMM 2004-LNB3,Credit Suisse First Boston Mortgage Securities Corp.,Credit Suisse Commercial Mortgage Trust Series 2007-C2
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