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Article: Fitch: 3 CMBS Transactions on Rating Watch Negative Due to Interest Shortfalls.
- Article from:
- Business Wire
- Article date:
- January 17, 2003
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Business Editors
NEW YORK--(BUSINESS WIRE)--Jan. 17, 2003
Fitch Ratings has placed three classes from three single asset CMBS transactions on Rating Watch Negative due to interest shortfalls caused by expense reimbursements for each transaction. The expense reimbursements stem from various terrorism insurance costs incurred by Wells Fargo Bank, the master servicer for each of the transactions.
The transactions ...