The declining performance of two loans backed by the Peter Cooper Village and Stuyvesant Town apartment complex in Manhattan has prompted Moody's Investors Service to take action on a pair of CMBS deals. The rating agency has downgraded six classes ...
The lowering of shadow ratings on a loan backed by the Peter Cooper Village and Stuyvesant Town apartment complex in Manhattan has prompted Fitch Ratings to downgrade a number of classes from a pair of CMBS deals.The rating agency has ...
Standard & Poor's has placed bonds from three CMBS deals on rating watch negative because of the declining performance of a $3 billion loan on the Stuyvesant Town and Peter Cooper Village apartment complex in Manhattan.The following transactions have ties ...
The lender contributed $7 billion to the CMBS market during the quarter, giving it a whopping 11.5 percent of the market. It continues its domination among lenders who regularly contribute to the market. Morgan Stanley and JPMorgan Chase were far ...
ClassAmt$mlnSubLevel%AvgLife (yrs)RatingS&PRatingFitchRatingMoody'sFinalPricing (bp)BnchmarkA-135.2030.002.79AAAAAAAaa+11swapsA-1A2,289.7030.009.35AAAAAAAaaNAswapsA-2100.0030.004.77AAAAAAAaa+28swapsA-3908.7430.004.84AAAAAAAaa+24swapsA-4195.5430.006.96AAAAAAAaa+28swapsA-PB126.9130.007.36AAAAAAAaa+26swapsA-51,876.3830.009.77AAAAAAAaa+26swapsA-M540.3420.009.85AAAAAAAaa+30swapsA-MFL100.0020.009.85AAAAAAAaa+20LiborA-J671.8011.509.88AAAAAAAaa+33swapsB49.4010.8759.88AA+AA+Aa1+38swapsC79.049.8759.88AAAAAa2+40swapsD69.169.009.90AA-AA-Aa3+43swapsE59.288.259.96A+A+A1+47swapsF69.167.3759.96AAA2+52swapsG98.796.125-A-A-A3+60swapsH79.045.125-BBB+BBB+Baa1+90swapsJ88.914.00-BBBBBBBaa2+105swapsK79.043.00-BBB-BBB-Baa3+130swapsL39.522.50-BB+NRBa1NATreasM19.762.25-BBNRBa2NATreasN29.641.875-BB-NRBa3NATreasO19.761.625-NRNRB1NATreasP9.881.50-NRNRB2NATreasQ19.761.25-NRNRB3NATreasS98.790.00-NRNRNRNATreasX-P1,912.46*NA-AAAAAAAaaNATreasX-C1,975.87*NA-AAAAAAAaaNATreasX-W5,927.62*NA-AAAAAAAaaNATreas*Notional amount, interest onlyCollateral balance: $7,903.50 millionBookrunner(s): Wachovia Securities, Credit SuisseLead Managers: Wachovia Securities, Credit SuisseCo-managers: Goldman Sachs, Merrill LynchB-piece Buyer: CWCapitalMaster Servicer: Wachovia BankSpecial Servicer: CWCapitalTrustee: Wells Fargo BankOriginators: Wachovia Bank (88.7 percent), Artesia Mortgage Capital ...
The two largest-ever CMBS deals priced yesterday. Spreads for their BBB bonds were substantially wider than the most recent conduit deals, further evidence of a major repricing of risk in the financial markets. The sector, which previously hadn't been correlated ...
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