S&P Updates CMBS Legal Criteria

Published May 23, 2003, 2:00 p.m. EDT

1 Min Read

Standard & Poor's Ratings Services has released a report containing its updated legal and structured finance criteria for U.S. commercial mortgage-backed securities.Titled "U.S. CMBS Legal and Structured Finance Criteria," the highlights of the publication include revised environmental, institutional eligibility, and defeasance criteria and a new subsection on asset-backed loan criteria, S&P said. "This version addresses the novel features and changes that have arisen within the commercial mortgage securitization market over the past several years," said Gale C. Scott, a managing director in S&P's Global Real Estate Finance group. The report can be found by clicking Credit Ratings Criteria (under Fixed Income) at http://www.standardandpoors.com, clicking More (under Ratings Criteria), and scrolling down to the report.

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