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Deal Name: Series 1999-C2
Moody’s Downgrades 2 Classes, Upgrades 4 of CMAT 1999-C2
Moody's Investors Service has downgraded two classes of Commecial Mortgage Asset Trust, 1999-C2, because of losses from loans in special servicing as well as high leverage levels for some collateral loans.The transaction has seen four losses totaling $14.3 million. In ...
S&P Upgrades 4 Classes of GMAC 1999-C2
Standard & Poor's has upgraded four classes of GMAC Commercial Mortgage Securities Inc., 1999-C2, because 27.9 percent of the collateral pool has been defeased, or replaced by government securities.In addition, the deal's balance is down to $810.7 million from $974.5 ...
Fitch Upgrades 3 Classes of GMAC 1999-C2
Fitch Ratings has upgraded three classes of GMAC Commercial Mortgage Securities Inc., 1999-C2, because of improved subordination levels and defeasance.The deal's balance is $818.4 million, compared with $974.5 million at issuance. In addition, 28 loans totaling 27.5 percent of the ...
S&P Upgrades 2 Classes of Commercial Mortgage 1999-C2
Standard & Poor's has upgraded two classes of Commercial Mortgage Asset Trust, 1999-C2, because of improved subordination levels.The deal's balance is $699.5 million, compared with $775.2 million at issuance. In addition, 24 percent of the deal balance has been defeased, ...
Fitch Upgrades 7 Classes of First Union 2001-C3; Upgrades 3 Other Deals
Fitch Ratings has upgraded classes from four CMBS deals because reductions in their principal balances have resulted in improved subordination levels.The rating agency upgraded seven classes of First Union National Bank Commercial Mortgage Trust, 2001-C3, which has a balance of ...
Moody’s Downgrades 3 Classes, Upgrades 5 of GMAC 1999-C2
July 6, 2005 Moody's Investors Service has downgraded three classes of GMAC Commercial Mortgage Securities, 1999-C2, because of losses from loans in special servicing.The transaction's collateral balance is $827.8 million, compared to $974.5 million at issuance.So far, the deal has ...
Fitch Upgrades 3 Classes of LB 1999-C2
May 18, 2005 Fitch Ratings has upgraded three classes of LB Commercial Mortgage Trust, 1999-C2, because of improvements in subordination levels resulting from a reduction in the pool balance to $757.3 million from $892.4 million at issuance.The rating agency upgraded ...
Fitch Upgrades 5 Classes of GMAC 1999-C2
February 2, 2005 Fitch Ratings has upgraded five classes of GMAC Commercial Mortgage Securities Inc., 1999-C2, because subordination levels have improved. The deal's balance is $844 million, compared to $974 million at issuance. Another 17 loans, totaling 16.9 percent of ...
Moody’s Upgrades 6 Classes of Prudential 1999-C2
February 2, 2005 Moody's Investors Service has upgraded six classes of Prudential Securities Secured Financing, 1999-C2, because subordination levels have improved. The collateral balance has been reduced to $750.2 million, down from $869.3 million at issuance. Five additional loans, totaling ...
Moody’s Downgrades 2 Classes of LB Commercial 1999-C2; Upgrades 5
February 1, 2005 Moody's Investors Service has downgraded two classes of LB Commercial Mortgage Trust, 1999-C2, because of losses from loans in special servicing.The rating agency downgraded the deal's: – $2.7 million class M to Caa1 from B3 and– $2.2 ...
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