Wednesday, September 14, 2005

Fitch Upgrades N-Star Real Estate CDO II, Ltd. (Business Wire via Yahoo! Finance)


Fitch Upgrades N-Star Real Estate CDO II, Ltd. (Business Wire via Yahoo! Finance)
Fitch Ratings upgrades five classes and affirms four classes of notes issued by N-Star Real Estate CDO II, Ltd. and N-Star Real Estate CDO II Corp. . These rating actions are the result of Fitch's annual rating review process and are effective immediately:

Real Estate trend: Flat-rate option gains popularity (Springfield Business Journal)
The Springfield real estate industry has seen an influx of new agencies in the last few years, led by the so-called discount or fee-based brokerages that offer flat rate closing costs.

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