Fitch Affirms BCRR Trust 2009-2
NEW YORK--(BUSINESS WIRE)-- Fitch Ratings has affirmed the following classes of BCRR Trust 2009-2:
--$29,770,050 class I-A1 at 'AAA'; Outlook Stable;
--$13,393,000 class I-A2 at 'AAA'; Outlook Stable;
--$12,133,385 class I-A1A at 'AAA'; Outlook Stable;
--$5,458,000 class I-A2A at 'AAA'; Outlook Stable.
KEY RATING DRIVERS
This transaction is a re-securitization of the ownership interest in a single commercial mortgage-backed certificate, LB-UBS Commercial Mortgage Trust, series 2007-C6, class A-4 (rated 'AAAsf', with a Stable Outlook by Fitch). This underlying class was affirmed by Fitch at 'AAAsf', with a Stable Outlook on June 15, 2015.
RATING SENSITIVITIES
As a re-securitization, the class will receive cash flows from the underlying class A4 bonds and the rating is based on the underlying security. For additional information on the underlying security please see the release 'Fitch Affirms LB-UBS 2007-C6' (June 15, 2015) available at 'www.fitchratings.com'.
DUE DILIGENCE USAGE
No third party due diligence was provided or reviewed in relation to this rating action.
Additional information is available at www.fitchratings.com.
Applicable Criteria
Global Structured Finance Rating Criteria (pub. 31 Mar 2015)
https://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=864268
U.S. Fixed-Rate Multiborrower CMBS Surveillance and Re-REMIC Criteria (pub. 10 Dec 2014)
https://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=812608
Additional Disclosures
Dodd-Frank Rating Information Disclosure Form
https://www.fitchratings.com/creditdesk/press_releases/content/ridf_frame.cfm?pr_id=986442
Solicitation Status
https://www.fitchratings.com/gws/en/disclosure/solicitation?pr_id=986442
Endorsement Policy
https://www.fitchratings.com/jsp/creditdesk/PolicyRegulation.faces?context=2&detail=31
ALL FITCH CREDIT RATINGS ARE SUBJECT TO CERTAIN LIMITATIONS AND DISCLAIMERS. PLEASE READ THESE LIMITATIONS AND DISCLAIMERS BY FOLLOWING THIS LINK: HTTP://FITCHRATINGS.COM/UNDERSTANDINGCREDITRATINGS. IN ADDITION, RATING DEFINITIONS AND THE TERMS OF USE OF SUCH RATINGS ARE AVAILABLE ON THE AGENCY'S PUBLIC WEBSITE '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 ARE ALSO AVAILABLE FROM THE 'CODE OF CONDUCT' SECTION OF THIS SITE. FITCH MAY HAVE PROVIDED ANOTHER PERMISSIBLE SERVICE TO THE RATED ENTITY OR ITS RELATED THIRD PARTIES. DETAILS OF THIS SERVICE FOR RATINGS FOR WHICH THE LEAD ANALYST IS BASED IN AN EU-REGISTERED ENTITY CAN BE FOUND ON THE ENTITY SUMMARY PAGE FOR THIS ISSUER ON THE FITCH WEBSITE.
View source version on businesswire.com: http://www.businesswire.com/news/home/20150615006492/en/
Fitch Ratings
Primary Analyst
Benson Thomas, +1-212-908-0645
Director
Fitch
Ratings, Inc.
33 Whitehall Street
New York, NY 10004
or
Committee
Chairperson
Christopher Bushart, +1-212-908-0606
Senior
Director
or
Media Relations, New York
Sandro Scenga,
+1-212-908-0278
[email protected]
Source: Fitch Ratings
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