Three classes from First Union National Bank -- Bank of America commercial mortgage trust pass-through certificates, series 2001-C1, have been downgraded by Fitch Ratings. The downgrades were as follows: class N, from B-plus to B-minus; class O, from B to CCC/DR1; and class P, from CCC/DR2 to C/DR6. Fitch also affirmed the ratings on 14 other classes in the deal. The downgrades stemmed from increased loss expectations for one specially serviced loan and projected losses on an additional specially serviced loan, the rating agency said.
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