LBC CMBS Class Downgraded

Class F of LBCommercial Conduit Mortgage Trust's multiclass pass-through certificates, series 1995-C2, has been downgraded from B-plus to B-minus by Fitch Ratings.Fitch also affirmed the AA rating on class E of the transaction. The downgrade was attributed to expected losses on two of the three specially serviced loans in the pool, both of which are real estate owned. The REO assets (30% of the pool) are secured by full-service hotels in Fort Worth, Texas, and losses are expected on both of them, Fitch said. "The pool has become more concentrated by loan size and property type, with the top five loans representing 75% of the pool and hotels representing 98%," the rating agency said.