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Fitch Downgrades Bonds In CMBS To D
Fitch Ratings has lowered the rating on 20 bonds in 16 U.S. commercial mortgage-backed securities transactions from CCC, CC and C to D—an indication of likely default.
Fitch Ratingshas lowered the rating on 20 bonds in 16 U.S. commercial mortgage-backed securities transactions from CCC, CC and C to D—an indication of likely default. The downgrades, says Fitch, are limited to only bonds with write-downs; the other bonds in the CMBS have not been analyzed.