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21.12.2012 21:15:00
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Moody's: No negative rating impact on 44 Moody's rated CMBS deals in which Bank of America, as Master or Primary Servicer, will establish Ratings Support Accounts at an Eligible Institution
New York, December 21, 2012 -- Moody's has determined that Bank of America's proposed action (the "Proposal"), acting in its capacity as Master or Primary Servicer (the "Servicer"), to establish one or more Ratings Support Accounts ("RSAs") at an eligible institution with at least an A2 / P-1 Moody's rating, according to agreed upon procedures, will not, in and of itself and at this time result in a downgrade or withdrawal of the current ratings of 44 Moody's rated deals (the "Deals") in which Bank of America acts as Master or Primary Servicer.
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