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Fitch Affirms 16 Classes Of Lbubs 2007-c2 - Yahoo Finance
By ymbeejechk9, 29.08.2014, 05:30

The partial interest-only loan has been amortizing since March 2012. The YE December 2013 NOI DSCR reported at 1.16x, compared to 1.0x at YE 2012. The loan remains current as of the August 2014 payment date. RATING SENSITIVITY The Rating Outlooks on classes A-3 and A-1A are Stable due to sufficient credit enhancement and continued paydown. The Negative Outlook on class A-M reflects above-average loan concentration concerns, with the top two loans representing 37% of the pool and the top 15 loans representing 71.5%. Should actual losses exceed Fitch expectations the class may hyperlink be subject to future downward rating actions. The rating on class A-M will be capped at 'Asf' for any future rating actions due to previous interest shortfalls. According to Fitch's global criteria for rating caps, Fitch will not assign or maintain 'AAAsf' or 'AAsf' ratings for notes that it believes have a high level of vulnerability to interest shortfalls or deferrals, even if permitted under the terms of the documents (for more information please see the full report titled 'Criteria for Rating Caps and Limitations in Global Structured Finance Transactions', dated May 28, 2014, at www.fitchratings.com ).
Full story: http://finance.yahoo.com/news/fitch-affirms-16-classes-lbubs-213800373.html

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