13 Ratings Lowered On Four U.S. CMBS Transactions Due To Interest Shortfalls Jul 12

Standard & Poors, July 2012

Abstract
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
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.

COMM 2004-LNB3,Credit Suisse First Boston Mortgage Securities Corp.,Credit Suisse Commercial Mortgage Trust Series 2007-C2

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