Classes D and E of 1211 Avenue of the Americas Trust's commercial mortgage pass-through certificates, series 2000-1211, have been removed from Rating Watch Negative by Fitch Ratings.The ratings had been placed on review because of interest shortfalls caused by special-servicer fees related to inadequate terrorism insurance coverage. The special servicer has waived the one-time work-out fee, and as a result class D is not expected to incur shortfalls and class E has incurred shortfalls totaling 0.27% of the principal and interest, Fitch said. The rating agency said it deems the shortfalls minimal and unlikely to recur. Fitch can be found on the Web at http://www.fitchratings.com.
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