The servicer ratings of Crown Northcorp have been placed on Rating Watch Negative by Fitch. The company has a master servicer rating of CMS3, a primary servicer rating of CPS2, and a special servicerrating of CSS2. (Fitch rates servicers on a scale of 1 to 5, with 1 being the highest rating.) "This decisionfollows disclosure of financial weaknesses that have led to a significant reduction in staff and affected the uncertaintyas to the future of the company," the rating agency said. Crown Northcorp does not service any commercialmortgage-backed securities deals currently rated by Fitch. Fitch's website address is http://www.fitchratings.com.
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