Three classes of DLJ Commercial Mortgage Corp. commercial mortgage pass-through certificates, series 1998-STF2, have been downgraded by Moody's Investors Service, and four classes have been placed on review for possible downgrade.The downgrades were as follows: class B-4, from Caa1 to Caa2; class B-5, from Caa2 to C; and class B-6, from Caa3 to C. Classes A-3, B-1, B-2, and B-3 were placed on review. Moody's attributed the downgrades to a continuing decline in the performance of the pool and a $5.4 million loss stemming from the liquidation of the Camelot Retirement & Care Center Loan ($4.5 million) in January 2003. All six loans remaining in the pool are in special servicing. Moody's can be found online at http://www.moodys.com.
Processing Content
