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Article: Fitch Downgrades MLMT 2007-C1; Assigns Outlooks.
- Article from:
- Investment Weekly News
- Article date:
- August 22, 2009
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Fitch Ratings has downgraded and removed from Rating Watch Negative 15 classes of commercial mortgage pass-through certificates from MLMT Commercial Mortgage Trust (MLMT) series 2007-C1. In addition, Fitch has assigned Rating Outlooks and Recovery Ratings, as applicable. A detailed list of rating actions follows at the end of this release.
The downgrades are the result of loss expectations and reflect Fitch's prospective views regarding commercial real estate market value and cash flow declines. Fitch forecasts potential losses of 11.4% for this transaction should market conditions not recover. Today's rating actions are based on losses of 8.3%, including 100% of ...