Subject: CMBS Rating Downgrade (DOWNG)
Moody’s Downgrades 2 Classes of CD 2017-CD3
Commercial Real Estate Direct Staff Report Moody's Investors Service has downgraded two classes of CD, 2017-CD3, because of losses it expects to result from certain collateral loans, including those that are in special servicing. The rating agency downgraded the deal's ...
Mall Loan Troubles Prompt Fitch to Downgrade 10 Classes of JPMBB 2014-C24
Fitch Ratings has downgraded 10 classes of JPMBB Commercial Mortgage Securities Trust, 2014-C24, as it has increased its projection for losses from the deal's collateral pool, which includes a pair of potentially problematic loans backed by regional malls. The rating ...
Weak Performance, Uncertainty Prompt Moody’s to Downgrade Palisades Center CMBS
Commercial Real Estate Direct Staff Report The weak performance of the Palisades Center shopping center in West Nyack, N.Y., coupled with its sharply reduced appraised value has prompted Moody's Investors Service to downgrade four classes of the CMBS deal that ...
Greenway Plaza Woes Prompt Moody’s to Downgrade 2017 Single-Borrower CMBS Deal
Moody's Investors Service has downgraded two classes of GS Mortgage Securities Corp., 2017-GPTX, because of the declining performance of its collateral, the Greenway Plaza office complex in Houston. The rating agency downgraded the deal's class B to A3 from A1 ...
Big Loss Expectation from Troubled Mall Loan Prompts Fitch Downgrade of WFRBS 2013-C14
Fitch Ratings has downgraded six classes of WFRBS Commercial Mortgage Trust, 2013-C14, as it expects the deal to suffer greater losses than previously had expected. Those increased losses are driven primarily by the $110 million loan piece secured by the ...
Insurance Requirement, Servicer Advancing Mitigate Risk of Hurricane-Related CMBS Downgrades
Commercial Real Estate Direct Staff Report The ratings of CMBS deals with loans against properties in the path of Hurricane Ian likely won't be impacted, according to Fitch Ratings, because of requirements for property insurance coverage and the servicer advancing ...
Mall Loan Troubles Prompt Fitch to Downgrade 2013 CMBS Deal; Losses Expected
Commercial Real Estate Direct Staff Report The likelihood that the $195 million mortgage against the Valencia Town Center shopping mall in Southern California won't be retired when it comes due in January has contributed to Fitch Ratings' downgrading of the ...
Mall Concerns Prompt Fitch to Downgrade 5 Classes of COMM 2012-CCRE1
Commercial Real Estate Direct Staff Report Fitch Ratings has downgraded five classes of COMM, 2012-CCRE1, because of concerns it has with the ability of two large mall loans to get refinanced by their maturity. The transaction has been whittled down ...
Expected Losses from Broward Mall Loan Prompt Fitch to Downgrade 2013 CMBS Deal
Commercial Real Estate Direct Staff Report Fitch Ratings has downgraded five principal-paying classes and one interest-only class of UBS-Barclays Commercial Mortgage Trust, 2013-C6, because it has increased losses it expects to result from the resolution of the $95 million loan ...
Expected Losses from Chicago Office Loan Prompts Fitch to Downgrade CMBS Deal
Fitch Ratings has downgraded three classes of COMM, 2013-CCRE13, because of the higher losses it expects to result from the resolution of its second largest collateral asset, an $82.03 million piece of a $255.2 million loan against 175 West Jackson ...
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