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Article: Fitch Places RMF 1995-1 Cls E & F On Rtg Watch Negative; Interest Shortfalls.
- Article from:
- Business Wire
- Article date:
- January 28, 2003
CopyrightCOPYRIGHT 2003 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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Business Editors
CHICAGO--(BUSINESS WIRE)--Jan. 28, 2003
RMF Commercial Mortgage Pass-Through Certificates, series 1995-1's $10.2 million class E, rated 'BB-' and $7.3 million class F, rated 'CCC' are placed on Rating Watch Negative by Fitch Ratings.
The Rating Watch Negative placement is a result of interest shortfalls incurred by these two classes as of the January 2003 distribution date. The master servicer, ORIX Capital Markets (ORIX) is recouping approximately $769 thousand in principal and interest advances and legal fees associated with the EHA portfolio. At this time, ORIX is taking back these fees over time to limit the interest ...