Deal Name: Series 1997-MD7
Moody’s Upgrades 2 Classes of Asset Securitization 1997-MD VII
Moody's Investors Services has upgraded two classes of Asset Securitization Corp., 1997-MD VII, due to improved subordination resulting from a decrease in the deal's balance to $273.4 million from $499.6 million at issuance. And $218.2 million of that has been ...
Correction: Big Hit Prompts Fitch to Downgrade Class of Asset Securitization, 1997-MD7
A loan backed by a portfolio of Fairfield Inn properties that was securitized through Asset Securitization Corp., 1997-MD VII, became delinquent in 2003. But it has been in special servicing for nearly five years. A story published yesterday about Fitch ...
Big Hit Prompts Fitch to Downgrade Class of Asset Securitization 1997-MD7
The following story has been changed to reflect corrections. Fitch Ratings has downgraded the $5.7 million class A-4 of Asset Securitization Corp., 1997-MD VII, to C from CC because of losses stemming from a large distressed collateral loan.The loan, with ...
Moody’s Downgrades 1 Class of Asset Securitization Corp., 1997-MD VII
March 3, 2005Moody's Investors Service has downgraded the $37.4 million class A-4 of Asset Securitization Corp., 1997-MD VII, to C from Caa1 because of losses from loans in special servicing.Another two classes were placed on review for possible downgrade because ...
Fitch Downgrades 4 Classes of Asset Securitization 1997-MD7
February 10, 2005 Fitch Ratings has downgraded four classes of Asset Securitization Corp., 1997-MDVII, because it expects one of the deal's loans to result in substantial losses. The rating agency downgraded the deal's: – $40 million class A-3 to triple-B-minus ...
Portfolio of Fairfield Inn Properties Offered for Sale
The offering, by Winthrop Financial, is part of an effort to resolve a troublesome $130.2 million mortgage that was securitized six years ago. The loan has led to numerous rating agency downgrades of a CMBS issue.
Fitch Downgrades 3 Classes of Asset Securitization 1997-MDVII
May 30, 2003 Fitch Ratings has downgraded three classes of Asset Securitization Corp., 1997-MDVII, because of the expectation of substantial losses from the deal's largest loan.The rating agency downgraded the deal's:– $37.5 million class A-4 to triple-C from triple-B-minus;– $27.5 ...
Moody’s Downgrades 1 Class of Asset Securitization, 1997-MD VII
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 ...
Fitch Places 1 Class of Asset Securitization 1997-MDVII on Watch Negative
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 ...
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 ...
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