Two classes of J.P. Morgan Commercial Mortgage Finance Corp.'s mortgage pass-through certificates, series 1999-C8, have been downgraded by Fitch Ratings.The downgrades were as follows: class J, from B-minus to CCC; and class K, from CC to D. Fitch also affirmed the ratings on 10 other Fitch-rated classes in the deal. The rating agency attributed the downgrades to the liquidation of two Horizon group properties -- the Sealy Outlet Center and the Nebraska Crossing Factory Store -- that resulted in losses of approximately $16.9 million. Fitch can be found online at http://www.fitchratings.com.
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