New Class Issued for MLMT 2007-C1
NEW YORK--(BUSINESS WIRE)-- A new class has been issued for Merrill Lynch Mortgage Trust commercial mortgage pass-through certificates series 2007-C1 (MLMT 2007-C1) as a result of a partial swap termination on class AJ-FL.
The creation of the AJ-FX class is the result of the bifurcation of the existing $200 million class AJ-FL certificate. The partial termination of the swap agreement for class AJ-FL results in $115 million of the certificate balance being re-allocated to the new fixed-rate class AJ-FX certificate. Class AJ-FL remains floating rate with a reduced certificate balance of $85 million; Fitch's current rating remains at CC; RE 0%. Fitch was not requested to rate the fixed-rate class AJ-FX certificate.
Additional information from the most recent full transaction review is available in the release 'Fitch Affirms Ratings for 21 Classes of MLMT 2007-C1' (July 11, 2014), available at www.fitchratings.com.
Additional information is available at 'www.fitchratings.com'.
Additional Disclosure
Solicitation Status
http://www.fitchratings.com/gws/en/disclosure/solicitation?pr_id=984902
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/20150519006682/en/
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Source: Fitch Ratings
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