Class B-1 of Asset Securitization Corp.'s 1997-D5 commercial mortgage pass-through certificates have been downgraded from BB-minus to D by Standard & Poor's.In addition, the ratings on 11 other classes from the same deal were affirmed. "The downgrade reflects the interest shortfalls of class B-1 due to several severely delinquent mortgages, [including] one of the top 10 mortgages in the pool, the Doctor's Hospital," the rating agency said. ".... Cumulatively, the interest shortfalls total $13.9 million, $602,000 of which affects the class B-1 certificates." S&P can be found online at http://www.standardandpoors.com.
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