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Subject: CMBS Rating Downgrade (DOWNG)
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 ...
Fitch Downgrades LBUBS 2007-C6, JPMBB 2014-C19, WFRBS 2012-C7, WBCMT 2005-C17 and COMM 2014-UBS6
Following is a list of recent downgrades by Fitch Ratings: Deal Name Current Pool Bal. $mln Orig. Pool Bal $mln DXMark (collateral value, % of par)* Class Size $mln Fitch's New Rating Fitch's Old Rating Notes LB-UBS Commercial Mortgage Trust, ...
CMBS 2.0 Conduit Deal Gets Ratings Hits as Mall Loan Collateral Weakens
UBS-Barclays Commercial Mortgage Trust, 2012-C2, is taking it on the chin with downgrades from Fitch Ratings because of its hefty exposure to the shopping mall sector. Four mall loans, which account for 27.4 percent of the deal's $900.2 million remaining ...
Kroll Downgrades 2 Junior Classes of GSMS 2014-GC26 Because of Expected Loan Losses
Commercial Real Estate Direct Staff Report Kroll Bond Rating Agency has downgraded two of the most-junior classes of GS Mortgage Securities Trust, 2014-GC26, because of the losses it has projected from three collateral loans. The rating agency downgraded the deal's ...
Kroll Downgrades 2 Classes of JPMBB 2014-C18
Commercial Real Estate Direct Staff Report Kroll Bond Rating Agency has downgraded two subordinate bond classes from JPMBB Commercial Mortgage Securities Trust, 2014-C18, because of the losses expected to stem from a $30 million collateral loan that's backed by 545 ...
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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.
