[2] NationsLink Funding Corp Series 1999-2 Rated By Fitch IBCA.NEW YORK--(BUSINESS WIRE)--Nov. 23, 1999-- NationsLink Funding Corp. $1,115,186,747 Commercial Mortgage Pass-Through Certificates Pass-Through Certificates (PTCs) are instruments that evidence the ownership of two or more Equipment Trust Certificates. In other words, Equipment Trust Certificates may be bundled into a pass-through structure as a means of diversifying the asset pool and/or increasing the size , Series 1999-2, are rated by Fitch fitch: see polecat. IBCA IBCA International Braille Chess Association IBCA Institute of Burial and Cremation Administration IBCA Integrated Business Communications Alliance IBCA International Barbeque Cookers Association IBCA Department of Interior Board of Contract Appeals as follows: -- $167,062,105 Class A-1 'AAA'; -- $84,648,789 Class A-2 'AAA'; -- $232,000,439 Class A-3 'AAA'; -- $110,485,256 Class A-4 'AAA'; -- $103,960,279 Class A-1C 'AAA'; -- $114,048,463 Class A-2C 'AAA'; -- $1,115,186,747 Class X (interest only) 'AAA'; -- $56,107,669 Class B 'AA'; -- $44,886,135 Class C 'A'; -- $67,329,203 Class D 'BBB'; Classes E through K are not rated by Fitch IBCA. Classes A-2, A-3, A-4, A-1C, A-2C, B, C, and D are offered publicly, while classes A-1, E, F, G, H, J, and K are privately placed pursuant to rule 144A Rule 144A A Securities & Exchange Commission rule modifying a two-year holding period requirement on privately placed securities to permit qualified institutional buyers to trade these positions among themselves. of the Securities Act of 1933. The certificates represent beneficial ownership interest in the trust, primary assets of which are 330 fixed rate loans having an aggregate principal balance of approximately $1,115,186,747, as of the cutoff date. (For a detailed description of Fitch IBCA's rating analysis, please see the Presale pre·sale n. 1. The period before something, such as a work of art, is available for sale to the public. 2. An exclusive or private sale held before an advertised sale. Report titled "NationsLink Funding Corp., Series 1999-2" dated Nov. 1, 1999, available on Fitch IBCA's web site at www.fitchibca.com). |
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