S&P Lowers Ratings on Lehman CMBS

Published June 20, 2003, 2:00 p.m. EDT

1 Min Read

The ratings on two classes of Lehman Brothers Floating Rate Commercial Mortgage Trust 2001-LLF-C4 multiclass pass-through certificates have been lowered by Standard & Poor's Ratings Services.The lowered ratings were as follows: class L, from BBB-minus to BB-plus; and class M, from BBB-minus to BB-minus. In addition, the ratings on four other classes in the deal were raised, and the ratings on the remaining classes were affirmed. S&P attributed the lowered ratings to a deterioration in the performance of four of the remaining 11 mortgages in the transaction: Wyndham International Portfolio, Southfield Office Portfolio, Trinity Centre (111-115 Broadway), and The Ritz Carlton-Pentagon City Hotel. The rating agency can be found online at http://www.standardandpoors.com.

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