Class L of CS First Boston Mortgage Securities Corp. pass-through certificates series 2007-TFL2 has been downgraded from BBB-minus to BB-minus by Fitch Ratings. Fitch also affirmed the ratings of 26 classes in the transaction. The rating agency attributed the downgrade to the failure of the Resorts Atlantic City loan to perform as well as expected. Nearly half of the deal (49.1%) consists of loans collateralized by hotel properties. the remainder consists of loans on office properties (24.0%), health care properties (16.0%), and land (10.9%).
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