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Article: Fitch: Rating Watch Negative for CRE CDOs with 2005 U.S. CMBS Exposure.
- Article from:
- Business Wire
- Article date:
- November 3, 2009
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NEW YORK -- Fitch Ratings has placed on Rating Watch Negative 58 classes from 13 commercial real estate (CRE) collateralized debt obligations (CDOs) containing a concentration of 2005 vintage commercial mortgage backed securities (CMBS). The actions stem from Fitch placing classes from the 2005 vintage CMBS on Rating Watch.
The affected transactions have greater than 10% exposure to 2005 vintage CMBS that are currently on Rating Watch Negative by Fitch or another agency.
Similar to the Rating Watch actions for classes within CRE CDOs taken when Fitch placed the 2006-2008 vintage CMBS classes on Rating Watch Negative, Fitch is placing classes from CRE ...