S&P Chimes In On JPM CMBS Deal July 09, 2010

--Amelia Granger

Standard & Poor’s published an unsolicited comment on JPMorgan’s recent $716 million commercial mortgage-backed securities offering, the first conduit/fusion deal the market has seen in two years. S&P chose to comment on the deal because it was the first of its kind since the new S&P criteria for conduit/fusion CMBS deals went into effect, and because it believed its comment could add value to investors. It released the comments on June 22.
S&P managing director Barbara Duka said the pool is very concentrated, ...

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