Two classes from Lehman Brothers floating-rate commercial mortgage trust 2002-LLF C3 have been downgraded by Fitch Ratings.Class L was downgraded from BB-plus to BB, and class M was downgraded from B-plus to B. Fitch also affirmed the ratings on six other classes in the transaction. The rating agency attributed the downgrades to "the continuing decline in net cash flow performance and lack of new leasing activity at the transaction's two remaining loans since Fitch's last review."
Lehman CMBS Classes Downgraded
June 12, 2006, 2:00 p.m. EDT 1 Min Read
