Fitch: Acceptance of Offer Would Not Impact Ratings in 3 Taberna Transactions
CHICAGO—-Fitch Ratings has received notification of a proposal for Taberna Preferred Funding II, Ltd./Inc. , Taberna Preferred Funding III, Ltd./Inc. and Taberna Preferred Funding IV, Ltd./Inc. allowing Crescent Real Estate Equities Limited Partnership to liquidate its outstanding trust preferred securities at a discounted payoff of 15% of the notional.

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