Deal Name: Series 1998-C1

November 5, 2003 Fitch Ratings has downgraded two classes of GS Mortgage Securities Corp. II, 1998-C1, because of its expectation for additional losses from the deal's collateral pool.The rating agency downgraded the deal's:– $23.3 million class G to single-B-plus from ...

The borrower of a troubled loan that was securitized in 1998 has apparently lined up debtor-in-possession financing, which would be senior to even the securitized loan. Holders of the deal's bonds will likely see a bigger loss than expected.

September 8, 2003 Fitch Ratings has downgraded four classes of Deutsche Mortgage & Asset Receiving Corp., 1998-C1, because a large percentage of the deal's collateral pool is expected to suffer losses.The rating agency downgraded the deal's:– $18.2 million class H ...

August 14, 2003 Fitch Ratings has upgraded two classes of GS Mortgage Securities Corp. II, 1998-C1, because loan amortization and payoffs have resulted in improved subordination levels.It also downgraded the deal's $55.8 million class H to triple-C from single-B because ...

August 13, 2003 Moody's Investors Service has upgraded two classes of Artesia Mortgage, 1998-C1, which has seen its balance decrease by about 21 percent to $147.3 million from $187 million at closing.The agency upgraded the $9.3 million class B to ...

July 21, 2003 Standard & Poor's Ratings Services has downgraded three classes and upgraded two others of Credit Suisse First Boston Mortgage Securities Corp., 1998-C1.The downgrades were prompted by losses expected from five of the deal's collateral loans that have ...

November 6, 2002 Fitch Ratings has downgraded two classes of Deutsche Mortgage & Asset Receiving Corp., 1998-C1, because a large number of loans in the collateral pool have an increased probability of default. The rating agency downgraded the deal's $22.7 ...

October 17, 2002 Fitch Ratings has downgraded the $23.3 million class J of GS Mortgage Securities Corp. II, 1998-C1, to triple-C from single-B-minus because of losses from two collateral mortgages that have become real estate-owned.The rating agency also affirmed the ...

August 14, 2002 Commercial Real Estate Direct Staff ReportA total of 41 CMBS transactions could be affected by Ames Department Stores' decision today to close all of its 327 retail outlets.The retailer, which filed for Chapter 11 bankruptcy last year, ...

December 17, 2001 NEW YORK – Standard & Poor's raised its ratings on Prudential Securities Secured Financing Corp.'s 1998-C1 due to increased credit support levels and improved collateral performance.Class B was raised to double-A-plus from double-A; class C was raised ...