NEW YORK--(BUSINESS WIRE)--Fitch Ratings has withdrawn all ratings of Prima Capital CRE Securitization 2006-1 Ltd./Corp. due to the transaction's termination and the cancellation of all outstanding bonds.
Fitch was notified by the trustee in a 'Termination Direction Letter' dated Jan. 30, 2014. The bonds were surrendered and cancelled at the direction of the bondholders and shareholders of the transaction. The trustee released and distributed the remaining collateral and cash that was deposited into the collection accounts to the bondholders.
Fitch has withdrawn the following ratings:
--Class B 'BBBsf'; Outlook Stable;
--Class C 'BBsf'; Outlook Stable;
--Class D 'BBsf'; Outlook Stable;
--Class E 'Bsf'; Outlook Stable;
--Class F 'Bsf'; Outlook Stable;
--Class G 'Bsf'; Outlook Stable;
--Class H 'Bsf'; Outlook Stable;
--Class J 'CCCsf'; RE 100%;
--Class K 'CCCsf'; RE 100%.
Class A-1 and A-2 were paid in full.
Additional information is available at 'www.fitchratings.com'.