Moody’s considering downgrades on billions in CMBS

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The principal methodology used in this rating was "Updated: Moody’s Approach to Rating CMBS Transactions in Japan" (June 2010) published on September 30, 2010, and available on Moody’s did not receive or take into account any third party due diligence reports on the underlying assets or financial instruments related to the.

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Moody’s cited the bank’s recent $2 billion trading loss as an "important factor" in the demotion. Bank of America also benefited, increasing 0.38% after a one-notch demotion on its long-term debt..

Moody’s said it is conducting the review of ratings on $302.6 billion in CMBS to include deteriorating factors, such as property cash flows, that support debt payments.

In the latest round, Moody’s lowered the ratings on 276 classes of the securities valued at $69.14 billion, bringing the total downgrades to $146.33 billion. Please take a trial or subscribe.

According to Bloomberg, if the maximum downgrades hit, it would force U.S. banks to raise $19 billion in new "collateral and termination payments." Considering the significance of the potential cuts,

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London, 19 April 2010 — Moody’s Investors Service has today downgraded the Class A2 CMBS Notes issued by Windermere VIII CMBS plc (amount reflects initial. require active property management.

Moody’s Investors Service. companies remain on review for further downgrades. Separately, analysts at Morgan Stanley estimated that the direct non-bank liabilities of the Dubai government are about.

* Non-prime EMEA CMBS at greater risk of downgrades-Moody’s.. a real estate debt funding gap – the difference between debt balances and available refinancing – of about $126 billion over.

Rating Shopping in the CMBS Market Andrew Cohen October 25, 2011 Abstract Institutional features of many structured debt markets facilitate a practice in which the investment banks issuing and selling the securities can engage in "rating shopping" by hiring only those credit rating agencies (cras) that oer the most favorable ratings.

New York, November 09, 2012 — Moody’s Investors Service (Moody’s) downgraded the ratings of five classes, and affirmed the ratings of 12 classes of J.P. Morgan Chase Commercial Mortgage.

Moody’s Continues Dismantling CMBS Market Posted by Tyler Durden at 12:43 PM Moody’s just laid down the law and downgraded 12 classes, or $2.4 billion worth, of Bank of Countrywide Lynch’s CMBS 2006-6 Series (that’s Bank of America for you Bono fans)

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