March 9, 2005 Standard & Poor's has upgraded two classes of Bear Stearns Commercial Mortgage Securities Inc., 1999-C1, because subordination levels have improved. The deal's balance is $421.6 million, down from $478 million at issuance. Another 10 percent of the ...
March 2, 2005 Fitch Ratings has upgraded three classes of Merrill Lynch Mortgage Investors Inc., 1999-C1, because of improved subordination levels. The deal's balance is $507.1 million, down from $592.5 million at issuance.The rating agency upgraded the deal's: – $32.6 ...
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 ...
February 10, 2005 Moody's Investors Service has downgraded four classes of Bear Stearns Commercial Mortgage Securities Inc., 1999-C1, because of losses from loans in special servicing.The deal has so far suffered $2.8 million of losses when one loan was liquidated. ...
December 3, 2004 Ramco-Gershenson Properties Trust (NYSE:RPT) has agreed to pay $128 million for two Michigan shopping centers with 671,000 square feet. The Farmington Hills, Mich., retail REIT is assuming $72.1 million of existing debt on the properties and will ...
October 29, 2004 Moody's Investors Service has upgraded six classes of Salomon Brothers Mortgage Securities VII Inc., 1999-C1, because subordination levels have improved. The rating agency upgraded the deal's: – $38.6 million class B to Aaa from Aa2;– $38.6 million ...
The bulk of a $19.3 million payment that UBS made to Merrill Lynch Mortgage Investors Inc., 1999-C1, is being applied to a large defaulted loan. The result could be upgrades for certain classes, according to several analyses.
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 ...
September 23, 2004 Commercial Real Estate Direct Staff ReportNot all of the nine loans in Merrill Lynch Mortgage Investors Inc, 1999-C1, that Orix Capital Markets had sued to get UBS to buy back, are in default. As reported, Orix and ...
The two companies, which have been embroiled in a two-year-old legal battle over loans that were securitized in 1999, have settled their differences. Terms couldn't be learned, but the deal is said to be good for bondholders.
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