Realpoint Selected to Rate JP Morgan Chase Commercial Mortgage Securities Corp. Offering.Selection Represents Another Significant Step in its Mission to Restore Ratings Credibility in the Structured Finance Market.
Realpoint announced today that it has been selected to rate the JP Morgan Chase Commercial Mortgage Securities Corp. FREMF 2010 K-6 Mortgage Trust transaction. The transaction, the second new-issue securitization to be rated by Realpoint, is being placed by J.P. Morgan and Bank of America Merrill Lynch.
This most recent ratings assignment further reinforces Realpoint''s position that there is strong investor demand for transparent, quality ratings and analysis.
Realpoint was designated as a Nationally Recognized Statistical Ratings Organization (NRSRO) by the SEC 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 pleased to be working with Freddie Mac on its most recent multifamily mortgage securitization. They have been a valued client of Realpoint''s surveillance services for many years, and are now showing support for our initiatives in the new-issue market," said Robert Dobilas, Realpoint''s chief executive officer. "Our selection for this ratings assignment shows a strong commitment, by everyone involved, to bring greater transparency to the ratings process."
Realpoint is the leading provider of surveillance analysis and ratings for CMBS in the secondary market. More than 225 institutional investment firms use Realpoint''s subscription-based surveillance services as part of their CMBS investment platforms.
"We can''t thank our clients enough for supporting our effort to redefine the level of transparency and analysis that is provided to investors," said Realpoint Managing Director Joe Petro. "The feedback on our new-issue ratings analysis has been overwhelmingly positive, and represents further proof that investors want positive change in the ratings process."
Realpoint''s ratings analysis will be available to investors on Monday, March 22, 2010 at www.realpoint.com, under the "Ratings Reports" section of the Realpoint public website.
About Realpoint
Realpoint is a nationally recognized credit-rating agency that has earned a reputation for innovation and excellence in the structured finance market. Our goal is to increase market transparency and provide investors with the highest quality ratings and analysis by offering a wide array of securities research, surveillance services, data, and technology solutions. More than 225 institutional investment firms trust Realpoint to help them identify credit risk in structured finance investments.
Contacts:
Realpoint LLC
Michelle Weiss - Media
267-960-6014
Michelle.Weiss@Realpoint.com
or
Joe
Petro - Managing Director
267-960-6004
Joe.Petro@Realpoint.com
