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Ratings Lowered On Seven Classes From Two U.S. CMBS Transactions Due To Interest Shortfalls Aug 12
Standard & Poors, August 2012
OVERVIEW We lowered our ratings on seven classes from two U.S. CMBS transactions due to current and potential interest shortfalls. We lowered our ratings on three 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) Aug. 15, 2012--Standard & Poor's Ratings Services today lowered its ratings on seven classes of commercial mortgage pass-through certificates from two U.S. commercial mortgage-backed securities (CMBS) transactions due to current and potential interest shortfalls (see list). We lowered our ratings on three of these classes to 'D (sf)' because we expect the accumulated interest shortfalls to remain outstanding for the foreseeable future. The three classes that we downgraded to...
Companies mentioned in this report are: Credit Suisse First Boston Mortgage Securities Corp.,Bear Stearns Commercial Mortgage Securities Trust 2002-TOP8
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Credit Suisse First Boston Mortgage Securities Corp.,Bear Stearns Commercial Mortgage Securities Trust 2002-TOP8