JPMCC 2003-CIBC7 rat­ings safe

The Pak Banker - - COMPANIES/BOSS -

Global rat­ing agency Moody's was in­formed that the Di­rect­ing Cer­tifi­cate­holder in­tends to re­move LNR Part­ners as the Spe­cial Ser­vicer and to ap­point CWCap­i­tal As­set Man­age­ment LLC as the suc­ces­sor Spe­cial Ser­vicer. The Pro­posed Spe­cial Ser­vicer Re­place­ment will be­come ef­fec­tive upon sat­is­fac­tion of the con­di­tions prece­dent set forth in the gov­ern­ing doc­u­ments. Moody's rat­ings ad­dress only the credit risks as­so­ci­ated with the pro­posed trans­fer of spe­cial ser­vic­ing rights. Other non-credit risks have not been ad­dressed, but may have sig­nif­i­cant ef­fect on yield and/or other pay­ments to in­vestors.

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