Class N of Credit Suisse First Boston commercial mortgage pass-through certificates, series 2001-CF2, has been downgraded from B-minus to CCC by Fitch Ratings.In addition, the ratings on 16 other classes in the transaction were affirmed. The rating agency attributed the downgrade to expected losses on several of the 10 specially serviced loans. The largest is secured by an office property in Olivette, Mo., that is more than 90 days delinquent. Fitch said the three largest tenants have announced that they will not renew their leases.
CSFB CMBS Class Downgraded
March 02, 2005, 3:00 p.m. EST 1 Min Read
