|
|
Article: Fitch Downgrades 7 Classes of WBCMT Series 2003-C3.
- Article from:
- Business Wire
- Article date:
- May 20, 2009
CopyrightCOPYRIGHT 2009 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)
|
NEW YORK -- Fitch Ratings has downgraded seven classes of Wachovia Bank Commercial Mortgage Trust's (WBCMT) commercial mortgage pass-through certificates, series 2003-C3, and assigned a Recovery Rating (RR) as follows:
--$12.9 million class H to 'A' from 'A+'; Outlook Stable;
--$22.3 million class J to 'BBB' from 'BBB+'; Outlook Stable;
--$9.4 million class K to 'BB+' from 'BBB'; Outlook Stable;
--$7 million class L to 'BB-' from 'BBB-'; Outlook Negative;
--$2.3 million class M to 'B+' from 'BB+'; Outlook Negative;
--$7 million class N to 'B-' from 'BB+'; Outlook Negative;