May 7, 2003 Fitch Ratings has downgraded three classes of Merrill Lynch Mortgage Investors Inc., 1999-C1, because it expects loans in special servicing to generate $25 million of losses for the deal.The rating agency downgraded the deal's:– $7.4 million class ...
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 5, 2002 Standard & Poor's Ratings Services has downgraded two classes of GS Mortgage Securities Corp. II, 1999-C1, and upgraded two other classes.The rating agency downgraded the deal's $28.9 million class G to single-B from single-B-plus and the $6.7 ...
December 4, 2002 Standard & Poor's has downgraded two classes of GMPT CMBS, 1999-C1, as a result of a 9.2 percent decline in the underwritten net cash flow of the malls that back the deal.Class D was lowered to single-A ...
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 ...
Orix has filed suit in Dallas charging UBS PaineWebber and UBS Warburg Real Estate Securities with purposely placing troubled loans into two 1999 conduit transactions. It wants the investment bank to pay more than $600 million in damages.
July 18, 2002 CHICAGO - Fitch has downgraded class N in Credit Suisse First Boston Mortgage Securities Corp., 1991-C1, because of weakening in the pool performance, expected losses and interest shortfalls.The $7.1 million class N was downgraded to double-C from ...
June 25, 2002 Class Amt ($mln) Sub. Level (%) Avg. Life (yrs) Rating S&P Rating Moody's Price Talk (bp) Bnch mark A-1 67.9 21.875 2.8 AAA Aaa +27 area Swaps A-2 97.9 21.875 5.1 AAA Aaa +37 area Swaps A-3 ...
April 12, 2002 CHICAGO – Fitch has downgraded three classes of Merrill Lynch Mortgage Investors, 1999-C1, primarily due to additional expected losses and an increasing amount of interest shortfalls.The downgrades are as follows: the $3 million class J to single-C ...
March 20, 2002 NEW YORK – Standard & Poor's has lowered its ratings on three classes of Merrill Lynch Mortgage Investor, 1999-C1, because of significant losses expected from the eventual disposition of the seventh and 10th largest loans in the ...
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