CMBS

Goldman Sachs, Citigroup and Jefferies priced the $1.1 billion CMBS deal called GS Mortgage Securities Trust 2013-GCJ12.

JP Morgan plans to issue a $510 million, commercial mortgage-backed securitization deal backed by Marriott hotel properties called JP Morgan Chase Commercial Mortgage Securities Trust 2013-JWRZ.

“Persistent economic concerns” may slow the pace but won't stop improvements in commercial real estate performance throughout 2013, according to Moody's Investors Service.

Ratings rotation was advocated by some panelists at a talk a convened by the Securities and Exchange Commission on a credit rating assignment system as envisaged by Section 939F of the Dodd-Frank Act, also known as the Franken Amendment.

A range of voices in the structured finance industry spoke against a credit rating assignment system as envisaged by Section 939F of the Dodd-Frank Act at a panel convened by the Securities and Exchange Commission.

The American Securitization Forum and the Structured Finance Industry Group will both speak against the Franken Amendment at the U.S. Securities and Exchange Commission ratings agency roundtable event in Washington D.C.

Wells Fargo and RBS plan to issue a $1.4 billion conduit CMBS deal called WFRBS Commercial Mortgage Trust 2013-C14 that is backed by 73 fixed rate commercial mortgage loans that are secured by 99 properties.

Fitch Ratings said bonds backed by rental income from the Seagram Building do not merit the 'AAA' rating assigned by Kroll Bond Rating Agency and Moody's Investors Service.

Brent Lewis has joined Hunton & Williams' structured finance and securitization practice as counsel in New York.