Eight classes from three CBA Commercial Assets small-balance commercial mortgage-backed securities deals have been downgraded by Fitch Ratings. Fitch also affirmed the ratings on 22 classes from four CBA small-balance transactions. The downgrades were attributed to an increase in specially serviced loans and loss expectations. The loans collateralizing the deals range from approximately $50,000 to $3 million, and a "high proportion" of the transactions have forthcoming adjustable-rate mortgage resets, Fitch said. The rating agency can be found on the Web at http;//www.fitchratings.com.
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