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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
Bal. $mln
Bal $mln
DXMark (collateral value, % of par)* Class Size
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







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




cppichart FP



CMBS 2.0 Spreads


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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