Citi CMBS Class Downgraded

Class M of Citigroup Commercial Mortgage Securities series 2005-EMG has been downgraded from B-plus to B/DR1 by Fitch Ratings.In addition, Fitch upgraded four classes from the deal and affirmed the ratings on 12 other classes. The rating agency attributed the downgrade to principal losses arising from the prepayment of a loan in June 2006.

For reprint and licensing requests for this article, click here.
Originations
MORE FROM NATIONAL MORTGAGE NEWS