Class L of Bear Stearns Commercial Mortgage Securities Inc. commercial mortgage pass-through securities, series 1999-WF2, has been downgraded from CCC to CC by Fitch Ratings.In addition, six classes in the deal were upgraded and the ratings on seven other classes were affirmed, Fitch said. The reason for the downgrade is that losses on class M are expected to reduce its balance to zero and "significantly impair" the balance of class L, according to the rating agency. Fitch can be found online at http://www.fitchratings.com.
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