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Deal Name: Asset Securitization Corp
Loan Default Prompts Moody’s to Place CMBS Deal on Review
November 15, 2002 Moody's Investors Service said it has placed two classes of Asset Securitization Corp., 1997-MD VII, on review for a possible downgrade because the largest loan in the collateral pool has defaulted.A $135.3 million mortgage on a portfolio ...
Fitch Downgrades Class B3 of Asset Securitization 1996-D3
October 18, 2002 Fitch Ratings has downgraded the $7.8 million class B-3 of Asset Securitization Corp., 1996-D3, because of expected losses and a deterioration in the collateral pool's performance.The rating agency, meanwhile, affirmed the other classes it rates in the ...
Fitch Raises Ratings on 3 Classes of Asset Securitization Corp. 1995-D1
September 12, 2002 NEW YORK – Fitch Ratings has upgraded three classes Asset Securitization Corp., 1995-D1, due to an increase in subordination levels as a result of amortization and loan payoffs.The $12.7 million class A-2 was upgraded to triple-A from ...
Fitch Downgrades One Class in ASC 1996-D2
July 19, 2002 CHICAGO – Fitch has downgraded the $35.2 million class A-4 in Asset Securitization Corp., 1996-D2, to triple-B-minus from triple-B. The rating agency affirmed the other classes it rates in the series.The downgrade is primarily the result of ...
Moody’s Again Downgrades Asset Securitization 1997-MDVII
June 18, 2002 NEW YORK – Moody's Investors Service has downgraded two classes of Asset Securitization Corp., 1997-MD VII, primarily because of the deterioration in the performance of the collateral pool's largest loan.The agency downgraded the deal's $40 million class ...
Fitch Downgrades 2 Classes of ASC 1997-MDVII
June 14, 2002 NEW YORK – Fitch has downgraded two classes of Asset Securitization Corp., 1997-MDVII, because of the decline in the Fairfield Inn portfolio – which represents 32 percent of the deal.The $27.5 million class A-5 and the $10 ...
Moody’s Downgrades 2 Classes of Asset Securitization 1997-MD VII
May 17, 2002 NEW YORK – Moody's Investors Service has downgraded two classes of Asset Securitization Corp., 1997-MD VII, because of the weaker performance of a loan that represents nearly a third of the collateral pool.The agency downgraded the deal's ...
S&P Raises 3 Classes, Lowers 2 Others, on Asset Securitization Corp. 1995-D1
April 26, 2002 NEW YORK – Standard & Poor's has raised its ratings on three classes of Asset Securitization Corp.'s 1995-D1 and lowered two classes.The raised ratings are class A-2 to triple-A from double-A-plus; class A-3 to double-A from single-A-plus; ...
S&P Lowers 5 Classes of Asset Securitization Corp.’s 1996-D2
April 11, 2002 NEW YORK – Standard & Poor's has lowered its ratings on five classes of Asset Securitization Corp.'s 1996-D2 because of anticipated losses from the eventual disposition of some specially serviced assets.The downgrades are as follows:– class A-3 ...
Fitch Ratings Downgrades ASC 1997-D5
March 11, 2002 NEW YORK – Fitch has downgraded Asset Securitization Corp.'s 1997-D5 because of further deterioration of the pool due in part to exposure to Kmart.Fitch downgraded the:– $39.5 million class A-5 to triple-B from triple-B-plus;– $43.9 million class ...
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Commercial Real Estate Direct is the only source -- in print or otherwise -- that keeps close tabs on the entire real estate capital markets industry. It provides up-to-date market intelligence on the mortgage business, equity raising, investment sales and CMBS.
