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Article: Fitch Places 2 Classes of MSDW 2001-PPM on Rating Watch Negative.
- Article from:
- Business Wire
- Article date:
- February 17, 2005
CopyrightCOPYRIGHT 2005 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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NEW YORK -- Fitch Ratings places the following two classes of Morgan Stanley Dean Witter Capital commercial mortgage pass-through certificates, series 2001-PPM, on Rating Watch Negative:
-- $10.9 million class E 'BBB+';
-- $4.7 million class F 'BBB'.
The classes are placed on Rating Watch Negative (RWN) due to anticipated interest shortfalls. Interest shortfalls began in January 2005 due to the modification of three cross-collateralized and ...