Two classes of Lehman Brothers-UBS commercial mortgage pass-through certificates series 2006-C1 have been downgraded by Fitch Ratings. Class M was downgraded from BB to BB-minus, and class N was downgraded from BB-minus to B-plus. Fitch also affirmed the ratings of 28 classes in the transaction. The rating agency attributed the downgrades to expected losses on the six assets in special servicing, five of which are real estate owned. The largest of the specially serviced loans is the Country Inn and Suites in Omaha, Neb.
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