Fitch Rates Morgan Stanley Capital I Trust 2004-RR.CHICAGO -- Morgan Stanley  To comply with Wikipedia's , the introduction of this article needs a complete rewrite. Capital I Trust 2004-RR, series 2004-RR,
commercial mortgage-backed securities 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 are
rated by Fitch Ratings Fitch RatingsAn 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: -- $12,300,000 class F-1 'A-'; -- $88,230,752 class F-X* 'A-'; -- $11,406,000 class F-2 'BBB+'; -- $7,241,000 class F-3 'BBB'; -- $8,236,000 class F-4 'BBB-'; -- $13,613,000 class F-5 'BB+'; -- $5,735,000 class F-6 'BB'; -- $29,699,752 class F-7 'BB-'. * Notional Amount The notional amount (or notional principal amount or notional value) on a financial instrument is the nominal or face amount that is used to calculate payments made on that instrument. This amount generally does not change hands and is thus referred to as notional. and Interest-Only 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 $88,230,752 of the class F certificates from Morgan Stanley Capital I Inc., series 1997-RR, which is, in turn, backed by all or a portion of 43 classes of fixed-rate commercial mortgage-backed securities. For a detailed description of Fitch's rating analysis, please see the Report titled 'Morgan Stanley Capital I Inc., Series 2004-RR' dated May 21, 2004 and available on the Fitch Ratings web site at 'www.fitchratings.com'. |
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