Fitch Eyes DLJ CMBS Class

Class B-8 of DLJ Commercial Mortgage Corp. commercial mortgage pass-through certificates, series 1999-CG1, has been placed on Rating Watch Negative by Fitch Ratings.The rating agency also affirmed the ratings on 13 other classes in the deal. The Rating Watch placement was attributed to concerns about expected losses on certain specially serviced loans that would lower the credit enhancement levels of the junior classes. Fitch said the largest such loan, the Holiday Inn New Orleans Veterans, is in foreclosure.