May 7, 2003 Standard & Poor's has placed its strong rankings for Lend Lease Asset Management LP and CapMark Services LP on credit watch with negative implications.Lend Lease's commercial mortgage special servicer ranking was affected. CapMark's commercial mortgage master and ...
May 2, 2003 Fitch Ratings has ranked Washington Mutual Bank as a CMBS primary, master and special servicer. The rating agency gave the Seattle lender a rating of CPS3-plus as primary servicer, CMS3 as master and CSS3 as special servicer. ...
April 15, 2003 Commercial Real Estate Direct Staff ReportThe SEC has been examining how rating agencies operate and has said it is looking into changing their entire concept.The commission's actions stem from a January report on the rating agencies that ...
February 25, 2003 Moody's Investors Service has downgraded the debt ratings of MeriStar Hospitality Corp. and its affiliated operating partnership.The rating agency, which downgraded MeriStar's senior unsecured debt rating to B2 from B1 and its subordinate debt rating to Caa1 ...
December 12, 2002 Commercial Real Estate Direct Staff ReportMoody's Investors Service, which earlier this year started rating real estate investment funds and their managers, has published its rating criteria.The rating agency becomes the first to openly describe its methodology for ...
November 27, 2002 Fitch Ratings has upgraded the master and primary servicer ratings of GMAC Commercial Mortgage Corp. because of its "proven ability to effectively monitor and report CMBS transactions" and the enhancements it has made to its data management ...
October 15, 2002 Fitch Ratings has upgraded J.P. Morgan Mortgage Capital Inc.'s master servicer rating to CMS3-plus from CMS3.At the same time, the rating agency affirmed J.P. Morgan's primary servicer rating of CPS2.Fitch said the upgrade was the result of ...
October 8, 2002 Moody's Investor Service has placed the B1 senior unsecured debt rating of JDN Realty Corp. on review for a possible upgrade. That's because the Atlanta retail REIT has agreed to be acquired by Developers Diversified Realty, which ...
October 7, 2002 NEW YORK – Fitch has placed its double-B senior unsecured rating and single-B-plus preferred stock rating for JDN Realty Corp. on rating watch positive.The ratings are a result of Developers Diversified Realty's purchase of the company for ...
September 18, 2002 NEW YORK – Standard & Poor's has revised its outlook on Chelsea Property Group and CPG Partners LP to positive from stable because the company has maintained strong productivity and solid financials.Chelsea also has completed its more ...
August 20, 2002 NEW YORK – Moody's Investors Service has placed the senior unsecured debt and preferred stock ratings of Federal Realty Trust under review for possible downgrade because a fire yesterday at the REIT's Santana Row development in San ...
August 20, 2002 CHICAGO – Fitch Ratings has upgraded Capstone Realty Advisors' primary servicer rating to CPS2 from CPS3-plus and its master servicer rating to CMS3-plus from CMS3.Fitch's ranks servicers on a scale of one to four, with four being ...
August 13, 2002 LONDON – Standard & Poor's has placed its ratings on three classes of notes issued by Bromios European Loan Conduit No. 7 Plc (ELOC 7) on credit watch with positive implications.The credit watch placement follows the full ...
August 13, 2002 LONDON – Standard & Poor's raised its ratings on three classes of notes issued by European Loan Conduit No. 2 BV (ELOC 2) as a result of prepayments by borrowers under the commercial mortgages backing the notes ...
August 8, 2002 NEW YORK – Moody Investors Service has upgraded the long-term debt ratings of Heritage Property Investment Trust subsidiary Bradley Operating LP to Baa3 from Ba2.In addition, the rating agency assigned a Baa3 rating to a $350 million ...
July 30, 2002 NEW YORK – Fitch has upgraded iStar Financial's (NYSE:SFI) senior unsecured credit rating to triple-B-minus from double-B-plus.Comments? E-mail Christina Caprio, or call her at (267) 247-0112, Ext. 214.
July 30, 2002 NEW YORK – Fitch Ratings has given Bank of America a CSS2-minus rating as a special servicer for large loans.The rating is a new one for BofA and allows it to be special servicer on CMBS transactions ...
July 29, 2002 CHICAGO – Fitch Ratings has downgraded the primary and special servicer ratings of BNY Asset Solutions because of the high turnover of employees at the New York firm.The rating agency downgraded BNY's primary rating to CPS3 from ...
July 9, 2002 NEW YORK – Standard & Poor's has raised its rating on Senior Housing Properties Trust's $250 million of senior unsecured notes because of the company's reduced encumbrance level.The 8.625 percent notes were raised to double-B-plus from double-B.Initially, ...
June 21, 2002 NEW YORK – Standard & Poor's has downgraded the corporate credit rating of Taubman Centers Inc. (NYSE:TCO) and its affiliated operating partnership to double-B-plus from triple-B-minus.In addition, the agency lowered Taubman's $200 million of preferred stock to ...
May 23, 2002 CHICAGO – Fitch Ratings has upgraded Prudential Asset Resources' primary servicer rating to CPS3+ from CPS3. In addition, it gave the Prudential Financial unit a master servicer rating of CMS3.Last month, Fitch gave Prudential a special servicer ...
May 7, 2002 NEW YORK – Standard & Poor's has affirmed its strong commercial master and primary servicer ranking for Wachovia Bank as well as its above average commercial special servicer ranking for the bank.A story published last week did ...
In a surprising move, S&P has downgraded GMAC's master and primary servicer rankings to above average, its second highest ranking. GMAC is the mortgage industry's dominant player, with a portfolio of more than $100 billion.
In an effort to help investors determine the quality and track record of real estate funds, Moody's has launched a rating service. It has already been tapped to rate seven German funds and is pitching the service to U.S. sponsors.
April 3, 2002 NEW YORK – Standard & Poor's has lowered its corporate credit rating on National Office Partners LP because of a revised leverage policy and its expected negative impact on very strong debt coverage measures.S&P is also concerned ...
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