Classes K-QA and L-QA of COMM 2000-FL3’s commercial mortgage pass-through certificates have been placed on Rating Watch Negative by Fitch Ratings.Fitch said the rating action stemmed from MCI Worldcom's rejection of its lease for 30% of the net rentable area in the Queens Atrium building in New York, which represents 12% of the trust mortgage asset. The rating agency said it is reviewing the leasing prospects for the space, which it said is being actively marketed by the borrower. Fitch can be found online at http://www.fitchratings.com.
Processing Content
