Fitch Rates 1345 Avenue of the Americas & Park Avenue Plaza Trust, Series FB 2005-1.NEW YORK New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of -- 1345 Avenue of the Americas and Park Avenue Plaza Trust commercial mortgage pass-through certificates, series FB 2005-1, are rated by 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. as follows: -- $85,272,000 class A-2 'AAA'; -- $364,104,000 class A-3 'AAA'; -- $548,700,000 class X 'AAA'; -- $25,996,000 class B 'AA'; -- $27,678,000 class C 'AA-'; -- $9,986,000 class D 'A+'; -- $18,462,000 class E 'A'; -- $17,202,000 class F 'A-'. All classes 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 components of two fixed-rate loans having an aggregate principal balance of approximately $548,700,000, as of the cutoff date. For a detailed description of Fitch's rating analysis, see the report '1345 Avenue of the Americas and Park Avenue Plaza Trust, Series FB 2005-1,' dated Aug. 8, 2005 and available on the Fitch Ratings web site at www.fitchratings.com. Fitch's rating definitions and the terms of use Terms of Use are rules set up by the owner of an intellectual property or service to govern how they may be legally used. In many cases, terms of service are used as a contractual agreement between a company and users of a service they provide. of such ratings are available on the agency's public site, www.fitchratings.com. Published ratings, criteria and methodologies are available from this site, at all times. Fitch's code of conduct, confidentiality, conflicts of interest, affiliate firewall, compliance and other relevant policies and procedures Policies and Procedures are a set of documents that describe an organization's policies for operation and the procedures necessary to fulfill the policies. They are often initiated because of some external requirement, such as environmental compliance or other governmental are also available from the 'Code of Conduct' section of this site. |
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