Fitch Ratings Affirms WBCMT 2005-C21.NEW YORK -- Fitch Ratings affirms Wachovia Bank Commercial Mortgage Trust (WBCMT) pass-through certificates series 2005-C21 as follows: --$61.7 million class A-1 at 'AAA'; --$428.2 million class A-2PFL 1. (language) PFL - A concurrent extension of ML by Holmstrom and Matthews, using CCS. ["PFL: A Functional Language for Parallel Programming", S. Holmstrom in Proc Declarative Language Workshop, London 1983]. 2. at 'AAA'; --$177.3 million class A-2C at 'AAA'; --$183.1 million class A-3 at 'AAA'; --$148.6 million class A-PB at 'AAA'; --$917.5 million class A-4 at 'AAA'; --$348.8 million class A-1A at 'AAA'; --$325 million class A-M A-M Alternating Maximization (algorithm) at 'AAA'; --$215.3 million class A-J A-J Anti-Jam at 'AAA'; --Interest-only class IO at 'AAA'; --$65 million class B at 'AA'; --$32.5 million class C at 'AA-'; --$60.9 million class D at 'A'; --$36.6 million class E at 'A-'; --$40.6 million class F at 'BBB+'; --$32.5 million class G at 'BBB'; --$40.6 million class H at 'BBB-'; --$16.3 million class J at 'BB+'; --$16.3 million class K at 'BB'; and --$16.3 million class L at 'BB-'. Fitch does not rate the $8.1 million class M, $12.2 million class N, $8.1 million class O or the $48.8 million class P. The rating affirmations reflect stable performance and limited amortization since issuance. As of the September 2006 distribution date, the transaction has paid down 0.3% to $3.24 billion from $3.25 billion at issuance. There are no delinquent or specially serviced loans. Fitch reviewed the transaction's three credit assessed loans and their underlying collateral: Extra Space Teamsters Teamsters large, powerful union of U. S. truckers. [Am. Hist.: NCE, 2703] See : Labor Portfolio (2.9%), Extra Space VRS (Video Relay Service) A communications service for the hearing or speech impaired. A VRS is the video counterpart of a TTY relay service, in which the user types on a terminal, and the relay operator speaks the messages to the recipient (see TDD/TTY). Portfolio (1.6%) and One City Center (0.7%). Based on the stable performance and occupancy, Fitch maintains investment grade credit assessments for all the loans. 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. |
|
||||||||||||

Printer friendly
Cite/link
Email
Feedback
Reader Opinion