Deal Name: Meristar Commercial Mortgage Trust

The Arlington, Va., REIT has paid off, through defeasance, $300 million of CMBS by refinancing 18 of the collateral properties with $327 million of new debt provided by Lehman Brothers. Moody's earlier this week had upgraded the CMBS deal because ...

February 25, 2005 Standard & Poor's has downgraded the six classes of MeriStar Commercial Mortgage Trust, 1999-C1, because the performance of the collateral pool has deteriorated. The rating agency downgraded the deal's: – $35.9 million class A-1 to double-A-minus from ...

October 15, 2004 Moody's Investors Service has downgraded three classes of MeriStar Commercial Mortgage Trust, 1999-C1, because the deal's collateral has performed poorly.The rating agency downgraded the deal's: – $50 million class B to A3 from Aa3; – $42 million ...

June 8, 2004 Moody's Investors Service has placed six classes of MeriStar Commercial Mortgage Trust, 1999-C1, under review for possible downgrade.The deal is backed by a $306.6 million mortgage on 19 hotels, owned by MeriStar Hospitality Corp., that last year ...

March 27, 2003 Standard & Poor's Ratings Services has downgraded three classes of Meristar Commercial Mortgage Trust, 1999-C1, due to deterioration in the pool's overall operating performance.The ratings agency lowered the:– $50 million class B to triple-B from single-A;– $42 ...

December 4, 2002 Moody's Investors Service has downgraded three classes of MeriStar Commercial Mortgage Trust, 1999-C1, because many of its collateral properties, 19 hotels, have performed below expectations.The rating agency downgraded the deal's:– $50 million class B to Aa3 from ...

July 24, 2001 NEW YORK – Moody's Investors Service has affirmed the ratings of MeriStar Commercial Mortgage Trust, 1999-C1, which is secured by a mortgage on 19 full-service hotels. The affirmation is significant because the underlying hotels' profitability has declined ...