Class M-5 of CBA Commercial Assets LLC small balance commercial mortgage pass-through certificates, series 2005-1, has been downgraded from Ba2 to B1 by Moody's Investors Service. In addition, classes M-2, M-3, and M-4 were placed on review for possible downgrade and the ratings on two classes were affirmed. Moody's attributed the downgrade to the high percentage of loans (12.1%) in special servicing and the projected losses from those loans. The certificates are collateralized by 263 mortgage loans, with the top 10 loans representing 21.1% of the pool.
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