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Monday, 04 March 2019

Fitch Downgrades WBCMT 2004-C12, COMM 2000-C1, MLCFC 2007-6 and COMM 2012-LC4

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Following is a list of recent downgrades by Fitch Ratings:

Deal Name Current
Pool
Bal. $mln
Orig.
Pool
Bal $mln
DXMark (collateral value, % of par)* Class Size
$mln
Fitch's
New
Rating
Fitch's
Old
Rating
Notes
Wachovia Bank Commercial Mortgage Trust, 2004-C12 42.3 1,060.0 68.5 percent (100 percent of deal priced) H   B BBB- A total of $23.69 million worth of loans are in special servicing. Fitch said, "There have been $13.9 million in realized losses to date." The rating agency added, "Cumulative interest shortfalls are currently impacting class P."
- - -   J   CCC BB -
- - -   K   CCC BB -
- - -   L   CC CCC -
- - -   M   C CC -
- - -   N   C CC -
COMM, 2000-C1 8.2 897.9 64.9 percent (100 percent of deal priced) G   CC CCC The last remaining loan, with a balance of $8.2 million, is backed by a vacant, 147,000-square-foot retail property in Bloomingdale, Ill. Fitch said, "Interest shortfalls totaling $5.2 million have affected classes G though O." The rating agency added, "Further downgrades to class G are possible if the value and recovery prospects on the collateral decline. As the loan is in default, upgrades are unlikely."
ML-CFC Commercial Mortgage Trust, 2007-6 371.0 2,100.0 86.9 percent (100 percent of deal priced) AJ   C CCC Fitch said, "There have been $155 million in realized losses" to date. The rating agency added, "Cumulative...




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Additional Info

  • Subject: CMBS Rating Downgrade (DOWNG)
  • Deal Name: COMM 2000-C1, Wachovia Bank Commercial Mortgage Trust, 2004-C12, ML-CFC Commercial Mortgage Trust, 2007-6
  • Company: Fitch
  • Private: Yes
  • bloombergDealName: COMM 2000-C1, WBCMT 2004-C12, MLCFC 2007-6, COMM 2012-LC4
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Data Digest

 

CMBS DELINQUENCY VOLUME

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CMBS SPECIAL SERVICING VOLUME

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Top Bookrunners Domestic, Private-Label CMBS - 2017
Investment Bank #Deals Vol$mln MktShr%
Goldman Sachs 17.59 11,819.34 13.68
JPMorgan Securities 14.52 10,968.11 12.70
Citigroup 12.04 10,012.71 11.59
Wells Fargo Securities 14.02 9,936.06 11.50
Deutsche Bank 12.55 9,879.74 11.44

 

RCA CPPI

 

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CMBS 2.0 Spreads

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Top CMBS Loan Contributors - 2017
Lender #Loans Vol$mln MktShr%
Goldman Sachs 146.89 11,719.34 13.63
JPMorgan Chase Bank 117.68 10,114.14 11.76
Deutsche Bank 198.48 9,689.97 11.27
Morgan Stanley 166.18 8,539.78 9.93
Citigroup 199.05 8,088.24 9.41

 

 

 

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