SocGen CMBS Notes Dropped To Junk Status As EOD Looms

10 Jun 2009

A Société Générale commercial mortgage-backed securities deal has had more than half of its bonds downgraded to junk status as rating agency analysts expect an event of default to hit the single loan which backs the transaction.

--Cristina Pittelli

A Société Générale commercial mortgage-backed securities deal has had more than half of its bonds downgraded to junk status as rating agency analysts expect an event of default to hit the single loan which backs the transaction. Ratings on the five classes of notes issued by White ...

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