Subject: CMBS Rating Downgrade (DOWNG)
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 ...
Concerns Over Stamford Plaza Prompt Fitch to Downgrade Class D of WFRBS 2014-C22
Fitch Ratings once again has downgraded class D of WFRBS Commercial Mortgage Trust, 2014-C22, because it has increased its estimate of losses tied to the $95.5 million loan against a portfolio of four office buildings with 982,483 square feet in ...
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 ...
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