Analysts assigned provisional ratings of triple-A to $1.2 billion Class A certificates; Aa2 to $245

Analysts assigned provisional ratings of triple-A to $1.2 billion Class A certificates; Aa2 to $245 million of Class B certificates; A2 to $243 million of Class C certificates; car rental age and Baa2 to $312 million of Class D certificates. A single car rental age loan backed by first lien commercial mortgages for 664 extended-stay hotels secure the CMBS.
Moodys' said the strong ratings for the Extended car rental age Stay issue are bolstered by the structure of the deal, which includes "properties that are cross-collateralized and cross-defaulted." Analysts also pointed car rental age to the geographic diversity of the properties and strong Herfindahl score as credit strengths.
Although the pool of the mortgages in the CMBS have mirrored car rental age the entire lodging sector by "deteriorated dramatically" since the fourth quarter of 2009, the decline is offset somewhat by a rebound in recent quarters, according to analysts.
car rental age In early October, Extended car rental age Stay Inc. exited bankruptcy after Centerbridge Partners , Paulson Co. and Blackstone Group closed their $3.93 billion acquisition of the company. The investors won a auction to acquire the nationwide hotel chain in late May.