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Moody's Investor Services has upgraded bonds of two CMBS deals because of increased subordination levels and defeasance.The ratings agency has upgraded four classes of LB Commercial Mortgage Trust, 1999-C1, which has a balance of $1.2 billion compared to $1.6 billion ...
Moody's Investment Services has downgraded the $9.2 million class L of Credit Suisse First Boston Mortgage Securities Corp., 1999-C1 to C from Ca because of actual and expected losses. The transaction has seen $34.8 million of losses result from the ...
Moody's Investors Service has downgraded the $9.2 million class L of Credit Suisse First Boston Mortgage Securities Corp., 1999-C1, to C from Ca because of losses. The transaction has so far seen $34.8 million in losses, wiping out three of ...
Moody's Investors Services upgraded four classes of Solomon Brothers Mortgage Securities VII Inc., 1999-C1, because of increased credit enhancement levels and defeasance.The deal's balance is $519.7 million compared to $734.9 million at issuance. In addition, nine loans totaling 9.8 percent ...
Fitch Ratings has upgraded seven classes of Credit Suisse First Boston Mortgage Securities Corp., 1999-C1, because of improved subordination and defeasance. The deal's balance is $936.7 million, compared with $1.17 billion at issuance. In addition, 18 loans totaling 22.6 percent ...
Standard & Poor's has upgraded three classes of GMAC Commercial Mortgage Securities Inc., 1999-C1, because a substantial portion of the deal's collateral has been defeased, or replaced by government securities. The deal's balance is $1.1 billion, compared with $1.3 billion ...
Standard & Poor's has upgraded the five remaining classes of Starwood Commercial Mortgage Trust, 1999-C1, because the collateral debt, a $469.6 million mortgage on 11 hotels, has been defeased, or replaced by government securities.The five classes have been upgraded to ...
Moody's Investors Service has upgraded three classes of Starwood Commercial Mortgage Trust, 1999-C1, because its underlying mortgage has been defeased, or replaced by government securities.The transaction is backed by a mortgage on 11 hotels. The loan's balance is $469.6 million, ...
An investor group that includes a borrower against whom Orix Capital Markets had been granted a judgement, has filed suit against the Dallas company and Wells Fargo, claiming the two had breached their fiduciary obligations to holders of bonds in ...
Fitch Ratings has upgraded six classes of Salomon Brothers Mortgage Securities VII Inc., 1999-C1, because of loan payoffs and amortization. The deal's balance is $533.4 million, down 27 percent from $734.9 at issuance. And nine loans totaling 9.2 percent of ...
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