Credit Suisse First Boston Mtg Secs Corp Ser 1999-C1 Rated.NEW YORK--(BUSINESS WIRE)--Nov. 10, 1999-- FITCH IBCA--Credit Suisse First Boston First Boston Corporation was a New York-based investment bank, founded in 1932 and acquired by Credit Suisse in 1988, when it became 'CS First Boston'. Globally referred to as Credit Suisse First Boston after 1996, the First Boston part of the name was phased out in 2006. Mortgage Securities Corp.'s commercial mortgage pass-through certificates, series 1999-C1 are rated by Fitch 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: --$$199,500,000 class A-1 `AAA'; --$$660,500,000 class A-2 `AAA'; --$1,170,108,234 class A-X A-X Ajax, Ontario interest-only `AAA'; --$52,600,000 class B `AA'; --$58,500,000 class C `A'; --$14,700,000 class D `A-'; --$40,900,000 class E `BBB'; --$20,500,000 class F `BBB-'; --$32,200,000 class G `BB+'; --$23,400,000 class H `BB'; --$11,700,000 class J `BB-`; --$11,700,000 class K `B+'; and --$7,100,000 class N `CCC'. Classes L, M, and O are not rated by Fitch IBCA. Classes A- 1, A-2, A-X, B, C, D, E, and F are offered publicly, while classes G, H, J, K, L, M, N, and O 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 153 fixed rate loans having an aggregate principal balance of approximately $1,170,108,234 as of the cutoff date. (For a detailed description of Fitch IBCA's rating analysis, please see the Presale Report titled Credit Suisse First Boston Credit Suisse First Boston was originally the trading name of the Financière Crédit Suisse-First Boston, a London-based 50-50 investment banking joint venture formed in 1978 between the First Boston Corporation and Credit Suisse. Mortgage Securities Corp., Series 1999-C1 dated October 15, 1999, available on Fitch IBCA's web site at www.fitchibca.com). |
|
||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion