Title:

COMM 2005-C6 Ratings Lowered And Removed From Watch Negative; Others Affirmed

Price:$100.00
Publication Date:May 01, 2008
Report Type:News
Abstract:NEW YORK (Standard&Poor's) May 1, 2008--Standard&Poor's Ratings Services today lowered its ratings on 10 classes of commercial mortgage pass-through certificates from COMM 2005-C6 and removed them from CreditWatch, where they were placed with negative implications on April 18, 2008. At the same time, we affirmed our ratings on the remaining 14 certificates from this series (see list). The downgrades reflect anticipated credit support erosion upon the eventual resolution of three of the four specially serviced assets. The downgrades of the subordinate certificates also reflect reduced trust liquidity that will result from an appraisal reduction amount (ARA) that we expect to be applied to the ninth-largest asset in the pool. The affirmed ratings reflect credit enhancement levels
Brief Excerpt:RESEARCH Ratings Definitions COMM ####-C# Ratings Lowered And Removed From Watch Negative; Others Affirmed Publication date: ##-May-#### Primary Credit Analyst: Harris A Trifon, New York (#) ###-###-####; harris_trifon@standardandpoors.com...
Word Count:1611
Issuer:COMM 2005-C6
Sector:Structured Finance, Commercial MBS
Country:United States
Region:United States
Format:HTML HTML
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S&P Credit Research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.

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