April 30, 2003 Moody's Investors Service has downgraded the $37.5 million class A-4 of Asset Securitization Corp., 1997-MD VII, to Caa1 from B2 because the class has been stuck with $307,739 of interest shortfalls.The rating agency, meanwhile, affirmed the Baa3 ...
April 1, 2003 Commercial Real Estate Direct Staff ReportPrime Retail Inc. said it is negotiating the transfer of three outlet centers it owns to its lender, which is represented by CapMark Services.The three properties are in Bend, Ore., Sedona, Ariz., ...
February 10, 2003 Fitch Ratings has downgraded two classes of Asset Securitization Corp., 1997-D5, because of interest shortfalls stemming from a $45.2 million mortgage on a 241-bed hospital in Chicago.The rating agency downgraded the deal's:– $39.5 million class B-1 to ...
January 23, 2003 Fitch Ratings has downgraded the $17.4 million class B-6 of Asset Securitization Corp., 1997-D5 to single-D from triple-C because the liquidation of a retail loan resulted in $4.5 million of losses being applied to the class.At the ...
January 16, 2003 Standard & Poor's Ratings Services has downgraded the $17.9 million class B-1 of Asset Securitization Corp., 1995-D1, to single-D from single-B-plus because some advances on collateral loans have been deemed nonrecoverable.The single-D rating indicates default. While bondholders ...
December 12, 2002 Fitch Ratings has downgraded two classes of Asset Securitization Corp., 1996-MD VI, because one of its five collateral loans has seen a decline in operating performance.Meanwhile, the rating agency said it would keep the two classes on ...
$13.9 million of interest shortfalls have hit holders of Asset Securitization Corp., 1997-D5, prompting S&P to downgrade one of the deal's classes to its lowest rating.
December 2, 2002 Prime Retail Inc. has struck a deal to sell outlet centers it owns in Castle Rock and Loveland, Colo., for $96 million.The sale of the two properties is expected to be completed sometime this quarter. Prime did ...
November 21, 2002 Fitch Ratings has downgraded four classes of Asset Securitization Corp., 1995-MDIV, because the performance of the hotel loans in the collateral pool has continued to deteriorate.The rating agency had placed the classes under review for possible downgrade ...
November 18, 2002 Fitch Ratings has placed the $37.5 million class A-4 of Asset Securitization Corp., 1997-MDVII, on its rating watch negative list.The rating agency, which currently rates the tranche triple-B-minus, said its action stems from the failure of the ...
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