Moody's: GSMS 2007-GG10 Ratings Unaffected by the Proposed Defeasance of the $113.9 Million portion of the $697.2 Million Shorenstein Portland Portfolio Loan
New York, December 13, 2016-- Moody's Investors Service was informed that Shorenstein Properties LLC, the Borrower for the Shorenstein Portland Portfolio mortgage loan, has elected to defease the loan with US Government Securities. The proposed defeasance will become effective upon satisfaction of the conditions precedent set forth in the governing documents. Moody's has reviewed the defeasance transaction.
Moody's Investors Service is a leading provider of credit ratings, research, and risk analysis. Moody's commitment and expertise contributes to transparent and integrated financial markets, protecting the integrity of credit. Our ratings and analysis track debt covering more than:
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76,000 structured finance obligations
Credit ratings and research help investors analyze the credit risks associated with fixed-income securities. Such independent credit ratings and research also contribute to efficiencies in fixed-income markets and other obligations, such as insurance policies and derivative transactions, by providing credible and independent assessments of credit risk.
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