Victoria Funding CMBS Notes Downgraded
Citigroup’s 2005 U.K.commercial mortgage securitization Victoria Funding (EMC-III) has had its class D and E notes downgraded by Standard & Poor’s, after the rating agency said money from any sales of the underlying properties may not be enough to repay the sole remaining securitized loan.
Citigroup’s 2005 U.K.commercial mortgage securitization Victoria Funding (EMC-III) has had its class D and E notes downgraded by Standard & Poor’s, after the rating agency said money from any sales of the underlying properties may not be enough to repay the sole remaining securitized loan.
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