CMBS Rating Methodology Updated Jan2012 - （CMBS评级方法更新Jan2012 -）.pdfVIP

下载本文档

6
0
约17.75万字
约 41页
2017-07-29 发布于浙江
举报
版权申诉

CMBS Rating Methodology Updated Jan2012 - （CMBS评级方法更新Jan2012 -）.pdf

1、原创力文档（book118）网站文档一经付费（服务费），不意味着购买了该文档的版权，仅供个人/单位学习、研究之用，不得用于商业用途，未经授权，严禁复制、发行、汇编、翻译或者网络传播等，侵权必究。。
2、本站所有内容均由合作方或网友上传，本站不对文档的完整性、权威性及其观点立场正确性做任何保证或承诺！文档内容仅供研究参考，付费前请自行鉴别。如您付费，意味着您自己接受本站规则且自行承担风险，本站不退款、不进行额外附加服务；查看《如何避免下载的几个坑》。如果您已付费下载过本站文档，您可以点击这里二次下载。
3、如文档侵犯商业秘密、侵犯著作权、侵犯人身权等，请点击“版权申诉”（推荐），也可以打举报电话：400-050-0827(电话支持时间：9:00-18:30)。
4、该文档为VIP文档，如果想要下载，成为VIP会员后，下载免费。
5、成为VIP后，下载本文档将扣除1次下载权益。下载后，不支持退款、换文档。如有疑问请联系我们。
6、成为VIP后，您将拥有八大权益，权益包括：VIP文档下载权益、阅读免打扰、文档格式转换、高级专利检索、专属身份标志、高级客服、多端互通、版权登记。
7、VIP文档为合作方或网友上传，每下载1次，网站将根据用户上传文档的质量评分、类型等，对文档贡献者给予高额补贴、流量扶持。如果你也想贡献VIP文档。上传文档

CMBS Rating Methodology Updated Jan2012 - （CMBS评级方法更新Jan2012 -）

Methodology CMBS Rating Methodology january 2012 CONTACT INFORMATION Mary Jane Potthoff Managing Director CMBS Tel. +1 312 332 0837 mjpotthoff@ Erin Stafford Managing Director CMBS Tel. +1 312 332 3291 estafford@ David Nabwangu Senior Vice President CMBS Tel. +1 312 332 9443 dnabwangu@ DBRS is a full-service credit rating agency established in 1976. Privately owned and operated without afﬁ liation to any ﬁ nancial institution, DBRS is respected for its independent, third-party evaluations of corporate and government issues, spanning North America, Europe and Asia. DBRS’s extensive coverage of securitizations and structured ﬁ nance transactions solidiﬁ es our standing as a leading provider of comprehensive, in-depth credit analysis. All DBRS ratings and research are available in hard-copy format and electronically on Bloomberg and at DBRS.com, our lead delivery tool for organized, Web-based, up-to-the-minute infor- mation. We remain committed to continuously reﬁ ning our expertise in the analysis of credit quality and are dedicated to maintaining objective and credible opinions within the global ﬁ nancial marketplace. CMBS Rating Methodology January 2012 CMBS Rating Methodology TABLE OF CONTENTS Executive Summary 4 Application of Methodology 4 Commercial Mortgages as Securitizable Assets 5 CMBS Process Overview 7 Cash Flow is King 7 Stabilized Net Cash Flow (NCF) 7 NCF Stabili