The rating on class A-3 of 5400 Westheimer Court Depositor Corp.'s commercial mortgage/lease finance pass-through certificates has been lowered from A-minus to BBB-plus by Standard & Poor's Ratings Services.The rating outlook is negative. In addition, the ratings on classes A-1 and A-2 were affirmed. S&P said the class A-3 certificates are dependent on the corporate credit rating of Duke Energy Corp., which was recently lowered from A-minus to BBB-plus. Duke guarantees the leases on the 5400 Westheimer Court office building in Houston, which serves as its corporate headquarters and as the collateral for the transaction. The ratings on classes A-1 and A-2 are based on the collateral, not on Duke's credit rating, S&P said.
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