Three classes of Asset Securitization Corp.'s commercial mortgage pass-through certificates, series 1995-MD IV, have been downgraded from CCC to D by Fitch Ratings.The affected classes were: class B-2, class B-2H, and class A-CS3. In addition, the ratings on six other classes of the same series were affirmed and one class was upgraded. Fitch attributed the downgrades to "the discounted sale of the Hardage loan, which has resulted in losses to the trust as well as the recent bankruptcy filing of the borrower of the Motels of America loan, combined with the loan's continued poor performance." Fitch can be found online at http://www.fitchratings.com.
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