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--$185,000,000 class A4A 'AAA'; Stable Outlook;
--$74,000,000 class A4B 'AAA'; Stable Outlook.
This transaction is a resecuritization of the ownership interest in a single commercial mortgage-backed certificate, GS Mortgage Securities Trust 2007-GG10, class A4, rated 'AAA'; Stable Outlook.
As a resecuritization, the certificates will receive their cash-flows from the underlying class A4 certificate which is backed by a pool of 202 multifamily and commercial mortgage loans and has 30% credit support in the underlying transaction. The underlying transaction has a remaining principal balance of approximately $7.56 billion.
Fitch reviewed current performance of the underlying transaction and considers the underlying class A4 certificate to have a Stable Outlook.
The class A4A and A4B certificates have a total principal balance of $259,000,000, which represents approximately 7.1% of the total balance of the underlying class A4 certificate. Credit enhancement for class A4A is approximately 50% and is provided by the structural support of the underlying transaction and the A4B certificate. Credit enhancement for the A4B certificate is approximately 30% and provided by the structural support of the underlying transaction.
Fitch's rating definitions and the terms of use of such ratings are available on the agency's public site, www.fitchratings.com. Published ratings, criteria and methodologies are available from this site, at all times. Fitch's code of conduct, confidentiality, conflicts of interest, affiliate firewall, compliance and other relevant policies and procedures are also available from the 'Code of Conduct' section of this site.
SOURCE: Fitch Ratings
Fitch Ratings, New York Eric Rothfeld, +1-212-908-0761 Robert Vrchota, +1-312-368-3336 (Chicago) Media Relations: Sandro Scenga, +1-212-908-0278 sandro.scenga@fitchratings.com
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