|
|
Article: Fitch Comments On Chase CMSC 2001-245 Park; Classes Remain On Rating Watch Negative.
- Article from:
- Business Wire
- Article date:
- March 12, 2003
CopyrightCOPYRIGHT 2003 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
Business Editors
NEW YORK--(BUSINESS WIRE)--March 12, 2003
After Fitch's review of the transaction, all classes of Chase Commercial Mortgage Securities Corp, series 2001-245 Park Avenue remain on Rating Watch Negative due to a potential trust expense related to the force placement of terrorism insurance by the servicer, GMAC Commercial Mortgage (GMACCM), which would result in interest shortfalls. Fitch maintains the Rating Watch Negative status on the following classes: $64.9 million class A-1, $240.1 million class A-2 and interest only class X at 'AAA'; $50 million class B at 'AA'; $60 million class C at 'A'; $11.8 million class D at 'A-'; $40.2 ...