Subject: CMBS Rating Upgrade (UPG)
Moody’s Upgrades Bonds from 2 CMBS Deals
Deal Name CurrentPoolBal. $mln Orig.PoolBal $mln Class Size$mln Moody'sNewRating Moody'sOldRating Reason for Rating Action GMAC Commercial Mortgage Securities Inc., 2000-C1 710.6 879.9 E 30.8 Aaa A1 Increased subordination; defeasance (61.7 percent of pool). - - - F 15.4 A ...
MOODY’S CMBS UPGRADES
Deal Name CurrentPoolBal. $mln Orig.PoolBal $mln Class Size$mln Moody'sNewRating Moody'sOldRating Reason for Rating Action Citigroup Commercial Mortgage Trust 2004-FL1, 2004-FL1 8.5 613.8 K 5.4 A1 Baa1 Increased subordination CDC Commercial Mortgage Trust 2002-FX1, 2002-FX1 557.4 637.5 F 8.0 Aaa ...
Moody’s Downgrades 3 Classes, Upgrades 3 More of COMM 2007 FL-14
Moody's Investors Service has downgraded two classes of COMM 2007-FL14, due to concerns with the performance of a collateral loan on 1330 Avenue of the Americas. The 446,250-square-foot office property in midtown Manhattan secures the $187 million loan, which represents ...
FITCH RATINGS CMBS UPGRADES
Deal Name CurrentPoolBal. $mln Orig.PoolBal $mln Class Size$mln FitchNewRating FitchOldRating Reason for Rating Action Office Portfolio Trust 2001-HRPT 237.5 259.8 H 17.1 BB+ BB Improved property performance. Wachovia Bank Commercial Mortgage Trust, 2003-C4 661.2 891.8 F 12.3 AAA AA Increased ...
MOODY’S CMBS UPGRADES
Deal Name CurrentPoolBal. $mln Orig.PoolBal $mln Class Size$mln Moody'sNewRating Moody'sOldRating Reason for Rating Action JPMorgan Chase Commercial Mortgage Securities Corp., 2005-FL1 202.5 1,020.0 C 10.2 Aaa Aa1 Increased subordination - - - D 8.3 Aaa Aa2 - - - ...
Moody’s Downgrades 3 Classes, Upgrades 1 of LB 1999-C2
Moody's Investors Service has downgraded three classes of LB Commercial Mortgage Trust 1999-C2, because of losses from loans in special servicing. The ratings agency has downgraded the deal's: - $9.8 million class L to Caa1 from B2; - $2.7 million class M ...
S&P Upgrades 1 Class of COMM, 2007-FL14
Standard & Poor's has upgraded the $89.3 million class B of COMM, 2007-FL14, to AAA from AA+ as a result of the payoff of $1.13 billion of collateral debt on four New York office properties owned by Macklowe Properties. The ...
FITCH RATINGS CMBS UPGRADES
Deal Name CurrentPoolBal. $mln Orig.PoolBal $mln Class Size$mln FitchNewRating FitchOldRating Reason for Rating Action GS Mortgage Securities Corp. II Series 2004-C1 669.3 892.3 D 16.7 AAA AA Increased subordination; defeasance (36.9 percent of the pool). - - - E 12.3 ...
Moody’s Downgrades 1 Class, Upgrades 3 of Chase Commercial 1998-1
Moody's Investors Service had downgraded the $4.1 million class I of Chase Commercial Mortgage Securities Corp., 1998-1, to Caa2 from Caa1 because of losses from a loan in special servicing. Two loans have been liquidated from the pool, resulting in ...
Moody’s Downgrades 1 Class, Upgrades 13 of Bear Stearns 2007-BBA8
Moody's Investors Service has downgraded the $22.2 million class L of Bear Stearns Commercial Mortgage Securities Inc., 2007-BBA8, from Ba2 to Ba1 due to performance issues with two loans totaling $71.5 million. One of the loans, with a balance of ...
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