Fitch Eyes CAPCO CMBS Classes

Published April 23, 2008, 1:00 p.m. EDT

1 Min Read

Classes B-3 and B-4 of CAPCO American Securitization Corp. commercial mortgage pass-through certificates, series 1998-D7, have been placed on Rating Watch Negative by Fitch Ratings. Fitch also lowered the Distressed Recovery rating of class B-5 from C/DR5 to C/DR6 and affirmed the ratings on eight other classes in the transaction. The ratings watch placement was attributed to the recent transfer to the special servicer of the Eastland Mall loan, the third-largest nondefeased loan in the pool.

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