Class K of Banc of America Large Loans Inc.'s commercial mortgage pass-through certificates, series 2004-BBA4, has been downgraded from BBB-minus to BB-plus by Fitch Ratings.In addition, class K was removed from Rating Watch Negative, and the ratings on 13 other classes in the deal were affirmed. The downgrade was attributed to the continuing poor performance of the Arapaho Business Park loan, representing 8.4% of the collateral.
BALL CMBS Class Downgraded
April 16, 2007, 2:00 p.m. EDT 1 Min Read
