Bonds In CMBS Downgraded

21 Jun 2011

A principal write-down has prompted Fitch Ratings to lower the ratings on 31 bonds in 15 U.S. commercial mortgage-backed securities transactions from CC and C to D.

A principal write-down has prompted Fitch Ratings to lower the ratings on 31 bonds in 15 U.S. commercial mortgage-backed securities transactions from CC and C to D. Fitch said the downgrades were limited to only those bonds with write-downs as the remaining ones have not yet been analyzed.

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