Class K of Banc of America Large Loans Inc.'s commercial mortgage pass-through certificates, series 2004-BBA4, has been placed on Rating Watch Negative by Fitch Ratings.In addition, five classes from the transaction were upgraded and the ratings on 11 other classes were affirmed. The watchlist placement was attributed to the continuing decline in performance of three loans representing 17% of the balance of the deal as of May: the Fifteen Group Multifamily Portfolio (representing 12.5% of the pool), the Heritage Square I and II loan (2.6%), and the Arapaho Business Park (2.0%). Fitch can be found online at http://www.fitchratings.com.
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