Two classes of Credit Suisse First Boston's commercial mortgage pass-through certificates, series 2001-CF2, have been downgraded by Fitch Ratings.Class M was downgraded from B to CCC, and class N was downgraded from CCC to C. In addition, Fitch upgraded seven classes in the deal and affirmed the ratings on seven others. The downgrades reflect an increase in expected losses on three of the four specially serviced assets, the rating agency said. The largest loan in special servicing (1.9%) is secured by an office property in Minneapolis and is current, Fitch reported. The loan was transferred to the special servicer in December 2005 due to imminent default.
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