NYSE:GKK) is a national commercial real estate specialty finance company organized as a REIT and externally managed by GKKM, the collateral manager for Gramercy Real Estate CDO
Collateral for CT CDO
IV consists of a $489 million portfolio of commercial mortgage-backed securities and other commercial real estate debt with a Fitch weighted average rating factor of BBB-/BB+.
The CREL Surveyor is a pipeline management tool issuers of Fitch-rated CREL CDOs
use, in conjunction with Fitch's CRE CDO
Surveillance team, to monitor migration to their covenants.
Fitch Ratings, Moody's Investors Service and Standard & Poor's have all assigned investment grade ratings to approximately $348 million, or approximately 77%, of CDO
VI's securities, with approximately $272 million rated Aaa/AAA/AAA.
Improving credit quality of the underlying CMBS collateral, the seasoning of the portfolios, and the deleveraging of the CDO
liabilities were the drivers of the upgrades.
12, 2006, the CDO
was fully invested in loans and securities, of which 92% is funded and 8% is unfunded on the class A-R notes.
PIMCO has sourced collateral for 40 deals across six asset classes since their entree into CDO
management in 1996.
Credit Markets & CDO
Trading on warehousing risk management related to the CDO
debt matures in 2046, and the CDO
indenture provides for a five-year reinvestment period during which RAIT can utilize the proceeds of repayments of loans included in the collateral to finance new investments to replace collateral that is repaid, subject to certain rating agency guidelines relating to credit quality and diversification.
As part of its expansion, Wilmington Trust has formed a new subsidiary, Wilmington Trust Conduit Services, LLC, through which it will conduct most of its CDO
2 billion underlying 20 separate CDO
transactions (including warehoused assets) issued via GSC Partners' corporate credit and structured finance businesses.
& Portfolio Credit Team resides under Putnam's Fixed Income group.
GEAM began managing external money in 1988 and issued their first CDO
NEW YORK -- Fitch Ratings affirms the 'CAM2' leveraged loan CDO
asset manager rating of Hartford Investment Management Company (HIMCO).
NEW YORK -- Fitch Ratings assigns a 'CAM1' leveraged loan CDO
asset manager (CAM) rating to Deerfield Capital Management LLC (Deerfield).