Commercial Mortgages – Massive Downgrades by Moody’s
This information straight from the newswires…
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Moodys downgraded fifteen classes of Credit Suisse Commercial Mortgage Trust
Commercial Mortgage Pass-Through Certificates, Series 2006-C5 due to
higher expected losses for the pool resulting from increased leverage,
reduced debt service coverage, and anticipated losses from loans in
special servicing (impacts $3.5B)
- Moodys downgraded 15 Classes of J.P. Morgan Chase Commercial Mortgage Securities
Corp. 2007-CIBC19 Commercial Mortgage Pass-Through Certificates, Series
2007-CIBC19 due to higher expected losses for the pool resulting from
increased leverage, reduced debt service coverage and anticipated losses
from loans in special servicing. (impacts $3.3B)
- Moodys downgraded 10 classes of J.P. Morgan Chase Commercial Mortgage Securities
Corp. Commercial Mortgage Pass-Through Certificates, Series 2007-CIBC20
due to higher expected losses for the pool resulting from increased
leverage, reduced debt service coverage and anticipated losses from loans
in special servicing (impacts $2.4B)
- Moodys downgraded 23 classes of J.P. Morgan Chase Commercial Mortgage Securities
Corp., Commercial Mortgage Pass-Through Certificates, Series 2007-LDP10
due to higher expected losses for the pool resulting from increased
leverage, reduced debt service coverage and anticipated losses from loans
in special servicing. (impacts $5.3B).
- Moodys downgraded 16 classes of J.P. Morgan Chase Commercial Mortgage Securities
Trust 2007-LDP11 Commercial Mortgage Pass-Through Certificates, Series
2007-LDP11 due to higher expected losses for the pool resulting from
increased leverage, reduced debt service coverage and anticipated losses
from loans in special servicing (impacts $5.4B)
- Moodys downgraded 14 classes of Morgan Stanley I Trust 2006-HQ10 Commercial
Mortgage Pass-Through Certificates, Series 2006-HQ10 due to higher
expected losses for the pool resulting from increased leverage and
reduced debt service coverage. (impacts $1.4B)
- Moodys downgraded 14 classes of Wachovia Bank Commercial Mortgage Trust
2006-C26, Commercial Pass-Through Certificates, Series 2006-C26 due to
higher expected losses for the pool resulting from increased leverage,
reduced debt service coverage and anticipated losses from loans in
special servicing. (impacts $1.7B)
- Moodys downgraded 15 classes of Wachovia Bank Commercial Mortgage Trust
2006-C28, Commercial Pass-Through Certificates, Series 2006-C28 due to
higher expected losses for the pool resulting from increased leverage,
reduced debt service coverage, and anticipated losses from loans in
special servicing (impacts $3.5B)


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