Fitch Affirms 1 Class of WHC-IRS Trust Pass-Through Certificate
--\$5.8 million class A at 'AAA'; Outlook Stable.
The certificate is collateralized by an assignment of rents on a 900,000 square-foot (sf) building leased to the IRS in Detroit, MI. Construction on the project began in 1993 and was completed in 1995. In May 1995, the government's 20-year lease became effective. The note payments are structured to fully amortize the loan at its expiration in May 2015. The rating of this transaction depends entirely on the rating of the United States Government, which was affirmed by Fitch at 'AAA'; Outlook Stable on Sept. 19, 2014.
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