Fitch Affirms ORIX's Master and Primary Servicer Ratings.Business Editors NEW YORK--(BUSINESS WIRE)--Dec. 17, 2002 Fitch Ratings Fitch Ratings An international rating agency for financial institutions, insurance companies, and corporate, sovereign, and municipal debt. Fitch Ratings has headquarters in New York and London and is wholly owned by FIMALAC of Paris. has affirmed af·firm v. af·firmed, af·firm·ing, af·firms v.tr. 1. To declare positively or firmly; maintain to be true. 2. To support or uphold the validity of; confirm. v.intr. ORIX Capital Markets, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control (ORIX) master and primary servicer ratings at 'CMS1' and 'CPS1', respectively. The primary servicer rating reflects ORIX's ability to effectively service loans in CMBS CMBS See: Commercial Mortgage Backed Securities transactions. The master servicer rating reflects ORIX's ability to oversee primary servicers and accurately remit To transmit or send. To relinquish or surrender, such as in the case of a fine, punishment, or sentence. An individual, for example, might remit money to pay bills. TO REMIT. To annul a fine or forfeiture. 2. and report information to trustees and investors. In addition, both master and primary servicer ratings reflect ORIX's experienced team, effective quality controls and excellent use of technology. As of September 30, 2002, ORIX was named master servicer on 54 transactions totaling $ 31.1 billion; and primary servicer on 24 CMBS and non-CMBS transactions totaling $ 7.3 billion. Fitch rates commercial mortgage primary, master, and special servicers on a scale of 1 to 4, with 1 being the highest rating. Within each of these rating levels, Fitch further differentiates ratings by plus (+) and minus (-) as well as the flat rating. For more information about Fitch commercial mortgage servicer ratings or rating criteria, refer to the report titled 'Commercial Mortgage Servicer Rating Criteria', dated Apr. 11, 2002, available on Fitch's web site, 'www.fitchratings.com'. |
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