Three classes of Merrill Lynch Mortgage Investors Inc.'s series 1997-C2 certificates have been downgraded by Fitch Ratings.The downgrades were as follows: class G, from BB-minus to B-plus; class H, from B to B-minus; and class J, from CCC to C. In addition, Fitch affirmed the ratings on six other classes in the deal. The rating agency attributed the downgrades to expected losses on 10 of the 14 specially serviced loans in the transaction. The certificates are collateralized by 115 commercial and multifamily mortgage loans, down from 147 loans at issuance.
Merrill CMBS Classes Downgraded
May 24, 2005, 2:00 p.m. EDT 1 Min Read
