S&P Lowers Risk of Further Downgrades of PMI Group, But Maintains Negative Outlook

Standard & Poor’s Ratings Services lowered the risk of an additional downgrade on mortgage insurance company PMI Group Inc (NYSE:PMI), saying they expect the company to maintain solvency through at least the second quarter of 2012. Last month, S&P downgraded PMI two notches and put the company under further review for downgrades, saying they expected [...]

Fitch Ratings Downgrades MSCI 2007-IQ16; Affirms Super Senior and Mezzanine AAA Classes

Fitch Ratings Downgrades MSCI 2007-IQ16; Affirms Super Senior and Mezzanine AAA Classes
CHICAGO–(BUSINESS WIRE)–Fitch Ratings downgrades 15 classes of Morgan Stanley Capital I (MSCI) Trust, series 2007-IQ16, commercial mortgage pass through certificates, primarily due to an increase in specially serviced loans. A detailed listing of rating actions follows at the end of this release. The downgrades [...]

Fitch Downgrades Crest Exeter Street Solar 2004-1, Ltd./Corp

Fitch Downgrades Crest Exeter Street Solar 2004-1, Ltd./Corp
NEW YORK–(BUSINESS WIRE)–Fitch Ratings has downgraded 10 classes issued by Crest Exeter Street Solar 2004-1, Ltd./Corp (Crest Exeter 2004-1) as a result of significant negative credit migration of the underlying collateral. A complete list of rating actions follows at the end of this release. Since Fitch’s last rating [...]

Fitch Downgrades 11 Classes of GMAC Commercial Mortgage 2004-C3; Assigns LS Ratings

Fitch Downgrades 11 Classes of GMAC Commercial Mortgage 2004-C3; Assigns LS Ratings
CHICAGO—-Fitch Ratings has downgraded, and assigned Rating Outlooks, Loss Severity ratings or Recovery Ratings to GMAC Commercial Mortgage Securities, Inc., series 2004-C3, commercial mortgage pass-through certificates, as indicated:
Read more on Business Wire via Yahoo! Finance

Fitch Downgrades CSFB 2005-TFL1; Assigns Outlooks

Fitch Downgrades CSFB 2005-TFL1; Assigns Outlooks
CHICAGO—-Fitch Ratings has downgraded one class and affirmed one class from Credit Suisse First Boston Mortgage Securities Corp., Series 2005-TFL1 commercial pass-through certificates.
Read more on Business Wire via Yahoo! Finance

Fitch Downgrades MLFT Pass-Thru Ctfs 2006-1; Assigns Outlooks, LS & Recovery Ratings

Fitch Downgrades MLFT Pass-Thru Ctfs 2006-1; Assigns Outlooks, LS & Recovery Ratings
NEW YORK—-Fitch Ratings has downgraded 11 classes of Merrill Lynch Floating Trust, commercial mortgage pass-through certificates, series 2006-1, reflecting Fitch’s base case loss expectation of 6.4%.
Read more on Business Wire via Yahoo! Finance

Fitch Downgrades MSDW 2000-LIFE2; Assigns LS Ratings

Fitch Downgrades MSDW 2000-LIFE2; Assigns LS Ratings
NEW YORK—-Fitch Ratings has downgraded and assigned Recovery Ratings to Morgan Stanley Dean Witter Capital I Trust’s commercial mortgage pass-through certificates, series 2000-LIFE2, as follows:
Read more on Business Wire via Yahoo! Finance