NEW YORK--(BUSINESS WIRE)--Fitch Ratings withdraws the ratings on eight classes of LB-UBS Commercial Mortgage Trust (LB-UBS) commercial mortgage pass-through certificates series 2005-C2, as a result of realized losses. The trust balances have been reduced to $0 or have experienced non-recoverable realized losses.
KEY RATING DRIVERS
The remaining bonds in the transaction have incurred realized losses and are currently rated 'Dsf'. Transactions with only defaulted ratings are withdrawn by Fitch as they are considered no longer relevant to the agency's coverage.
The classes are withdrawn as they have incurred realized losses.
DUE DILIGENCE USAGE
No third party due diligence was provided or reviewed in relation to this rating action.
Fitch withdraws the ratings on the following classes:
--$20,087,000 class E;
--$0 class F;
--$0 class G;
--$0 class H;
--$0 class J;
--$0 class K;
--$0 class L;
--$0 class M.
At the time of withdrawal the above classes were all rated 'Dsf/RE 0%'.
Additional information is available at www.fitchratings.com.
Global Structured Finance Rating Criteria (pub. 06 Jul 2015)
U.S. Fixed-Rate Multiborrower CMBS Surveillance and Re-REMIC Criteria (pub. 10 Dec 2014)