DLJ CMBS Class Downgraded

January 28, 2004, 3:00 p.m. EST 1 Min Read

Class B-8 of DLJ Commercial Mortgage Corp. commercial mortgage pass-through certificates, series 2000-CKP1, has been downgraded from C to D by Fitch Ratings. In addition, the ratings on 13 other classes in the deal were affirmed. Fitch said the downgrade was the result of $12.1 million in realized losses due to the disposition of two loans: The Genesis, collateralized by two multifamily properties in Dallas that were real estate owned, and Big Kmart-Chicago, secured by a single-tenant Kmart property in Chicago on which the lease was rejected by the bankrupt retailer. The rating agency can be found on the Web at http://www.fitchratings.com.

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