S&P Downgrades LB-UBS CMBS Pass-Thrus

Published July 09, 2008, 1:00 p.m. EDT

1 Min Read

Ten classes of commercial mortgage pass-through certificates from LB-UBS Commercial Mortgage Trust 2006-C7 have been downgraded by Standard & Poor's Ratings Services. S&P also affirmed the ratings on 15 classes in the transaction. The downgrades were attributed to: concerns about 12 loans that have reported debt service coverage below 1.0x, the expected erosion of credit support for the two specially serviced loans, and concerns about the eighth-largest loan. The rating agency can be found online at http://www.standardandpoors.com.

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