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Monday, 11 January 2016

Moody's Downgrades CD 2006-CD2, WBCMT 2006-C23, BACM 2006-1 and BACM 2004-2

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Following is a list of recent downgrades by Moody's Investors Service:

Deal Name Current
Pool
Bal. $mln
Orig.
Pool
Bal $mln
DXMark (collateral value, % of par)* Class Size
$mln
Moody's
New
Rating
Moody's
Old
Rating
Notes
CD 2006-CD2 790.0 3,100.0 87.8 percent (95.8 percent of deal priced) X   Caa2 B2 The downgrade is the result of expected losses totaling $100 million from 10 loans with a balance of $221.2 million in special servicing. A total of 28 loans have been liquidated from the pool, resulting in a loss of $335 million.
Wachovia Bank Commercial Mortgage Trust, 2006-C23 1,350.0 4,230.0 83.7 percent (86.1 percent of deal priced) X-C   B1 Ba3 The downgrade is the result of expected losses totaling $136 million from 12 loans with a balance of $162 million in special servicing. A total of 19 loans have been liquidated from the pool, resulting in a loss of $108 million.
Banc of America Commercial Mortgage Inc.,...





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Additional Info

  • Syndicate to Realpoint: No
  • Subject: CMBS Rating Downgrade (DOWNG)
  • Deal Name: Banc of America Commercial Mortgage Inc. 2006-1, Banc of America Commercial Mortgage Inc., 2004-2, CD, 2006-CD2, Wachovia Bank Commercial Mortgage Trust, 2006-C23
  • Company: Morgan Stanley Dean Witter Inc.
  • Private: Yes
  • bloombergDealName: BACM 2004-2, WBCMT 2006-C23, CD 2006-CD2, BACM 2006-1
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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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