Fitch Downgrades CAPCO CMBS Class

September 12, 2007, 2:00 p.m. EDT 1 Min Read

Class B-5 of CAPCO America Securitization Corp. commercial mortgage pass-through certificates, series 1998-D7, has been downgraded from CC/DR4 to C/DR5 by Fitch Ratings.The ratings on 10 other classes in the deal have been affirmed. Fitch said the downgrade was based on increased loss expectations associated with the mortgage pool's two specially serviced assets: an industrial/mixed-use property in Baltimore that is real estate owned, and a multifamily property in Kansas City, Mo., that is more than 90 days delinquent.

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