Events | 2009.12.02
Fitch Downgrades Kimberlite CDO I; Removes from Watch Negative
NEW YORK--(BUSINESS WIRE)--Fitch Ratings has downgraded eight classes and removed from Rating Watch Negative two classes issued by Kimberlite CDO I as a result of significant negative credit migration of the commercial mortgage backed securities (CMBS) collateral within the portfolio. A complete list of rating actions follows at the end of this release. The transaction entered an Event of Default on Nov. 13, 2009 when the ratio of the net outstanding portfolio balance over the sum of the super s
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