Fitch Issues Presale on Lehman Brothers Small Balance, Series 2006-2.
CHICAGO -- 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 issued a presale report on Lehman Brothers Lehman Brothers Holdings Inc. (NYSE: LEH), founded in 1850, is a diversified, global financial services firm. It is a participant in investment banking, equity and fixed income sales, research and trading, investment management, private equity, and private banking. Small Balance Commercial, series 2006-2 discussing the rating analysis behind Fitch's expected ratings on the following:
--Class 1A certificates 'AAA';
--Class 2A-1 certificates 'AAA';
--Class 2A-2 certificates 'AAA';
--Class 2A-3 certificates 'AAA';
--Class M1 certificates 'AA';
--Class M2 certificates 'A+';
--Class M3 certificates 'A-';
--Class B certificates 'BBB'.
The securities are backed by a pool of conventional small business loans. The loans are secured by first liens on commercial or mixed use real estate. None of the underlying business loans are insured or guaranteed by any governmental agency.
The presale report is available to all investors on Fitch's corporate site, www.fitchratings.com. For more information about Fitch's comprehensive subscription service Fitch Research, which includes all presale reports, surveillance, and credit reports on more than 20 asset-backed securities Asset-backed security
A security that is collateralized by loans, leases, receivables, or installment contracts on personal property, not real estate.
A debt security collateralized by specific assets. (ABS) asset classes, including collateralized debt obligations Collateralized Debt Obligation (CDO)
A general inclusive term which covers Collateralized Bond Obligations, Collateralized Loan Obligations, and Collateralized Mortgage Obligations, (CDOs), contact product sales at +1-212-908-0800 or at firstname.lastname@example.org.
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