Class K of Banc of America Large Loans Inc. commercial mortgage pass-through certificates series 2004-BBA4 has been downgraded from BB-plus to B by Fitch Ratings. Fitch also affirmed the ratings on nine other classes in the transaction. The downgrade was attributed to the continuing decline in performance of the Heritage Square I and II loan and the Arapaho Portfolio. The collateral consists of 10 industrial/flex space buildings.

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