JPMorgan CMBS Classes Downgraded

Published January 14, 2008, 2:00 p.m. EST

1 Min Read

Seven classes of J.P. Morgan Chase Commercial Mortgage Securities Trust commercial mortgage pass-through certificates, series 2007-FL1, have been placed on review for possible downgrade by Moody's Investors Service. The negative rating actions were taken against the affected classes -- RS-1, RS-2, RS-3, RS-4, RS-5, RS-6, and RS-7 -- due to a recent decline in the cash flow of the Resorts International portfolio, Moody's said. The nonpooled classes are secured by the trust junior portion of the Resorts International portfolio loan.

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