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You are an issuer structuring a CMBS conduit transaction that has an aggregate principal balance of $1,000,000. After doing its analysis, the rating agency has
You are an issuer structuring a CMBS conduit transaction that has an aggregate principal balance of $1,000,000. After doing its analysis, the rating agency has come back with the following subordination levels: Tell me the dollar amount/size of the AA tranche, the A tranche, the BBB tranche, the BB tranche, the B tranche, and the NR tranche. HINT: AAA Tranche = 750,000,000 AAA 25% AA 20% A 13% BBB 8% BB 5% B 3%
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