Class B-6 of DLJ Commercial Mortgage Corp.'s commercial mortgage pass-through certificates, series 2000-CKP1, has been downgraded from B-plus to B by Fitch Ratings.Fitch also upgraded one class in the transaction and affirmed the ratings on 10 other classes. The rating agency said the downgrade reflects expected losses on the six specially serviced loans. The assets in special servicing include two real-estate-owned properties (0.9% of the pool), one 90-day delinquent loan (0.02%), and three loans that are current (2.7%). A sales contract is being negotiated on the larger REO asset, an office property in Austin, Texas, and a sale of the property is expected by the end of September, Fitch reported. "Sizable losses are expected upon disposition of this asset," the rating agency said. Losses are also expected on the other REO asset, as well as on the 90-day delinquent loan.

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