Standard & Poor's has upgraded the $48 million class H of Structured Asset Securities Corp., 1996-CFL, to AAA from AA because of improved subordination levels.The transaction's balance is $150.9 million compared with $1.9 billion at issuance. And the remaining collateral ...
Standard & Poor's has upgraded four classes of Structured Asset Securities Corp., 1997-LL1, after significant portions of the deal were defeased or replaced with government securities. The deal has a remaining balance of $573.1 million, down more than 59 percent ...
March 24, 2004 Fitch Ratings has upgraded the $48 million class H of Structured Asset Securities Corp., 1996-CFL, to triple-A from double-A, because subordination levels have improved.The rating agency affirmed the other classes it rates.The deal's overall balance has shrunk ...
The Miami company took a class of what once were triple-C rated bonds from a 1996 CMBS deal, repackaged it into a CDO and sold most of the resulting securities for a gain. The bonds it is keeping provide it ...
An analysis of $423 billion of outstanding CMBS has found that 18 deals have shrunk to less than 5 percent of their original balances. That's the level at which most deals can be liquidated.
August 29, 2003 Standard & Poor's has upgraded two classes of Structured Asset Securities Corp., 1996-CFL, because subordination levels has improved. The deal's collateral balance has fallen to $308.1 million from $1.95 billion at issuance. And the rating agency's calculation ...
August 21, 2003 Fitch Ratings has upgraded three classes of Structured Asset Securities Corp., 1996-CFL, because subordination levels have improved as a result of amortization and loan payoffs.The rating agency upgraded the deal's:– $96 million class G to triple-A from ...
March 6, 2003 Fitch Ratings has upgraded two classes of Structured Asset Securities Corp., 1995-C1, because amortization and payoffs have resulted in improved subordination levels.The rating agency upgraded the deal's $24.2 million class E to double-A from single-A-plus and the ...
November 21, 2002 Fitch Ratings has upgraded 10 classes of Sasco Floating-Rate Commercial Mortgage Trust, 2000-C2, because loan payoffs have resulted in increased subordination levels.In addition, excess interest payments have resulted in $39.5 million of overcollateralization. And Fitch noted that ...
October 31, 2002 Moody's Investors Service has upgraded three classes of Sasco Floating Rate Commercial Mortgage Trust, 2000-C2, because credit enhancement levels have increased as a result of loan payoffs and prepayments.The rating agency upgraded the deal's:– $4.9 million class ...
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