Realpoint was selected to rate the new issue CMBS offering by Inland Western Real Estate Trust. The transaction, the first new-issue CMBS to be rated by Realpoint, is being underwritten by JPMorgan Securities.
Realpoint was designated as a Nationally Recognized Statistical Ratings Organization (NRSRO) by the Securities and Exchange Commission in June 2008; as a TALF-approved rating agency by the Federal Reserve in May 2009, and as an acceptable ratings organization by the National Association of Insurance Commissioners in September.
"We are extremely pleased by this recent development," said Robert Dobilas, Realpoint's chief executive officer. "This development will allow us to finally deliver on our promise to the market to deliver a better ratings solution to investors. We want investors to know that we are committed to setting a new standard for ratings transparency, analysis, and customer support."
More than 225 institutional investment firms use Realpoint's subscription-based surveillance services as part of their CMBS investment platforms.