Fitch Eyes ASC CMBS Class

Class A-4 of Asset Securitization Corp.'s commercial mortgage pass-through certificates series 1997-MDVII has been placed on Rating Watch Negative by Fitch Ratings.The ratings on eight other classes of the same series were affirmed. Fitch attributed the Rating Watch placement to a special-event report by the special servicer, Clarion Partners, indicating that the Fairfield Inn borrower failed to make the full November debt service payment. Pacific Life, the master servicer, advanced the approximately $400,000 balance due. Citing the Clarion Partners report further, Fitch said the Fairfield Inn borrower "has expressed uncertainty" about its ability to make the December debt service payment. Fitch can be found on the Web at http://www.fitchratings.com.