Class Amt $mln Sub Level% Avg Life (yrs) RatingFitch RatingKroll Pricing % Yield% Final Pricing (bp) Bnch mark A-1A1 100.00 43.00 9.95 AAA AAA swaps A-1A2 490.00 43.00 9.95 AAA AAA 102.999 3.557 +130 swaps B 119.00 ...
April 30, 2003 Moody's Investors Service has upgraded the $141.3 million class A of 1211 Avenue of the Americas Trust, 2000-1211, to Aaa from Aa1 because it is no longer concerned that the property would have difficulty lining up replacement ...
February 11, 2003 Fitch Ratings has removed two classes of 1211 Avenue of the Americas Trust, 2000-1211, from its rating watch negative list.The rating agency had placed the deal's $43.7 million class D, rated triple-B, and the $27.7 million class ...
January 16, 2003 Moody's Investors Service has upgraded the $27.7 million class E of 1211 Avenue of the Americas Trust, 2000-1211, to Baa3 from Ba1 because the interest shortfalls that originally led to a downgrade have been halted.The bond class ...
The investment firm says it's not to blame for losses suffered by holders of bonds backed by a mortgage on a property it owns: It was dealt with in a less-than-optimal manner by the loan's master servicer.
Investors are blaming servicers, the rating agencies and the owners of 1211 Avenue of the Americas for the loss their bonds are suffering. The sequence of events surrounding the loan's move into special servicing highlights the market's new realities.
October 10, 2002 The monthly special servicing fee for the mortgage on 1211 Avenue of the Americas is $37,500. The fee in a story published today – "Investors Cry Foul After NYC Office Mortgage Falls From Grace" – reflected only ...
October 7, 2002 Moody's Investors Service has downgraded the $27.7 million class E of 1211 Avenue of the Americas Trust, 2000-1211, to Ba1 from Baa3 because of interest shortfalls stemming from special servicing fees.The deal's collateral loan is backed by ...
October 3, 2002Fitch Ratings has placed the triple-B classes of 1211 Avenue of the Americas Trust, 2000-1211, on its rating watch negative list because special servicing fees have resulted in interest shortfalls.The $300 million transaction is backed by 1211 Avenue ...
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