Subject: CMBS Rating Downgrade (DOWNG)
Troubles at Providence Place Mall Prompt Kroll to Downgrade CMBS Deal’s Rake Classes
Commercial Real Estate Direct Staff Report Continued troubles at the Providence Place Mall in Rhode Island's capital city has prompted Kroll Bond Rating Agency to downgrade four of the five rake classes in DBUBS, 2011-LC3, that are tied to a ...
Troubles at Texas Retail Properties Prompt Moody’s to Downgrade WFRBS 2011-C5
Moody's Investors Service has downgraded four classes of WFRBS Commercial Mortgage Trust, 2011-C5, in part because of losses that could result from the ultimate resolution of the $67.25 million loan against the Arbor Walk and Palms Crossing retail properties in ...
Expected Losses from Baltimore Mall Loan Prompt Kroll to Downgrade 2013 CMBS Deal
Kroll Bond Rating Agency has downgraded three classes of WFRBS Commercial Mortgage Trust, 2013-C14, because of losses it has estimated will eventually result from the resolution of at-risk collateral loans. The rating agency has classified six of the $1.11 billion ...
Potential Retail Woes Prompt Fitch to Downgrade 7 Classes of WFCM 2015-SG1
Fitch Ratings has downgraded seven classes of Wells Fargo Commercial Mortgage Trust, 2015-SG1, because of what it says was a "lack of progress" in the resolution of loans that are in special servicing and the "continued underperformance" of the Patrick ...
Kroll Downgrades Most-Senior Class of JPMCC 2012-WLDN
Kroll Bond Rating Agency has downgraded the most senior class of JPMorgan Chase Commercial Mortgage Securities Corp., 2012-WLDN, to B from AAA, because of concerns it has with the collateral loan's ability to get refinanced in May. It also downgraded ...
Fitch Downgrades 2012 CMBS Deal for Exposure to Troubled Malls; Class A-M Hit Hard
Fitch Ratings has downgraded seven classes of COMM, 2012-CCRE3, because of its heavy exposure to the regional mall sector. The transaction, whose balance has paid down to $946.23 million from $1.25 billion, has a 43 percent concentration to the retail ...
Big Losses Prompt Kroll to Downgrade GSMS 2014-GC18
Commercial Real Estate Direct Staff Report Kroll Bond Rating Agency has downgraded six principal-paying and two interest-only classes of GS Mortgage Securities Trust, 2014-GC18, because of the losses it expects certain collateral loans to suffer. The downgraded classes include the ...
Green Acres Mall Suffers; Kroll Downgrades Related CMBS Deal
Commercial Real Estate Direct Staff Report Kroll Bond Rating Agency has downgraded all the bond classes of COMM, 2013-GAM, a CMBS transaction backed by a $259.5 million loan against the Green Acres Mall in Valley Stream, N.Y. The rating agency ...
Fitch Downgrades 2 Classes of WFRBS 2013-C18, Citing Exposure to Hotels, Retail Sector
Fitch Ratings has downgraded two classes of WFRBS Commercial Mortgage Trust, 2013-C18, which has a 45.5 percent exposure to the retail sector and because some of the hotel loans in its collateral pool have underperformed expectations. The rating agency downgraded ...
Kroll Downgrades 2 Classes of CFCRE 2017-C8
Commercial Real Estate Direct Staff Report Kroll Bond Rating Agency has downgraded two classes of CFCRE Commercial Mortgage Securities, 2017-C8, that it expects will suffer as a result of losses generated by four troubled collateral loans. The conduit transaction, whose ...
About
Commercial Real Estate Direct is the only source -- in print or otherwise -- that keeps close tabs on the entire real estate capital markets industry. It provides up-to-date market intelligence on the mortgage business, equity raising, investment sales and CMBS.
Subscribe to our Weekly Newsletter!
