Two classes of COMM 2006-FL2 commercial mortgage pass-through certificates have been downgraded by Fitch Ratings. Class TC-1 was downgraded from BBB to BB-plus, and class TC-2 was downgraded from BBB-minus to BB-plus. Fitch also placed classes MSH-1 through MSH-4 on Rating Watch Negative and affirmed the ratings on 49 other COMM classes. The downgrades were attributed to declining performance at The Avenue at Tower City in Cleveland, and the Rating Watch placement was attributed to "slower-than-expected recovery from ongoing renovations."
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