CMBS auditing upset

Category: ABS CMBS Regulation

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Auditing issue

The JUNO (ECLIPSE 2007-2) CMBS failed to file its financial statements for 2017, together with its annual return by 21 June, as required by the Companies Registration Office (see SCI’s CMBS loan events database). The issuer has a further 28 days to submit its audited financial statements, but its auditors have advised that they cannot give any assurance that the statements will be completed within this extended period.

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