Fitch Eyes Morgan Stanley CMBS Classes

Published May 21, 2003, 2:00 p.m. EDT

1 Min Read

Classes G and H of Morgan Stanley Capital I Inc.'s commercial mortgage pass-through certificates series 1997-XL1 have been placed on Rating Watch Negative by Fitch Ratings.The ratings on nine other classes in the deal were affirmed. The rating agency attributed the Rating Watch placement to the transfer to special servicing of the Westgate Mall loan, secured by a regional mall in Fairview Park, Ohio, and the deterioration in performance of the Grand Kempinski loan, secured by a luxury hotel in Dallas.

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