Moody's: COMM 2012-CCRE1, COMM 2012-CCRE2 & COMM 2012-CCRE3 Ratings Unaffected by the Proposed Partial Release of the Mortgaged Collateral Crossgates Mall
New York, March 06, 2017-- Moody's Investors Service was informed that the Borrower, Crossgates Mall General Company NewCo, LLC, has requested to release a non-income producing portion of the Crossgates Mall property in Albany, New York from the lien of the Mortgage. Moody's has reviewed the transaction and has determined that this proposed partial release of the collateral will not, in and of itself, and at this time, result in a downgrade or withdrawal of the current ratings to any...
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