Press Release
DBRS Discontinues Ratings of Schooner Trust, Series 2007-8
CMBSDBRS Limited (DBRS) has today discontinued the ratings of the Commercial Mortgage Pass-Through Certificates, Series 2007-8 issued by Schooner Trust, Series 2007-8, as the Trust received principal repayment proceeds from eight loans with the June 2017 remittance. One loan is currently remaining with an outstanding balance of $1.8 million, which contributes to the previously defaulted Class L. This concludes DBRS’s surveillance of this transaction.
Notes:
All figures are in Canadian dollars unless otherwise noted.
This rating is endorsed by DBRS Ratings Limited for use in the European Union.
The principal methodology is CMBS North American Surveillance (March 2017), which can be found on dbrs.com under Methodologies.
For more information on this credit or on this industry, visit www.dbrs.com or contact us at info@dbrs.com.
Ratings
Schooner Trust, Series 2007-8
ALL MORNINGSTAR DBRS RATINGS ARE SUBJECT TO DISCLAIMERS AND CERTAIN LIMITATIONS. PLEASE READ THESE DISCLAIMERS AND LIMITATIONS AND ADDITIONAL INFORMATION REGARDING MORNINGSTAR DBRS RATINGS, INCLUDING DEFINITIONS, POLICIES, RATING SCALES AND METHODOLOGIES.
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Contacts
Wasiq Chughtai
Assistant Vice President - North American CMBS
+1 416 597 7457
wasiq.chughtai@morningstar.com- Erin Stafford
Managing Director - North American Real Estate Ratings
+(1) 312 332 3291
erin.stafford@morningstar.com - Gwen Roush
Associate Managing Director - North American CMBS Ratings, Surveillance
+(1) 312 332 9575
gwen.roush@morningstar.com - Richard Carlson
Managing Director, Credit Ratings - Commercial Real Estate Credit Ratings
+1 312 332 9451
rich.carlson@morningstar.com