Yes, no, maybe.
S&P has reversed the downgrades on several of the CMBS deals where actions were taken last week, after "refining the methodology [it] uses to assess the impact of losses and recoveries resulting from our 'AAA' rating scenario for U.S. conduit/fusion commercial mortgage-backed securities (CMBS).""
upgrades today:
GSMS 2007-GG10 (A2, A3 and AAB) back to AAA from BBB-
MSC 2007-IQ16 (A2 and A3) back to AAA from A+
CSMC 2007-C3 (A2 and A3) back to AAA from BBB+
