Three classes of Merrill Lynch Mortgage Investors Inc.'s commercial mortgage pass-through certificates series 1999-C1 have been downgraded by Fitch Ratings.The downgrades were as follows: class F, from A-plus to BBB; class G, from B-minus/DR1 to CC/DR3; and class H, from C/DR5 to C/DR6. The rating agency also affirmed the ratings on six other classes in the deal. Fitch attributed the downgrades to "the increase in expected losses and the length of time that the assets have been in special servicing." Fitch can be found online at http://www.fitchratings.com.

Subscribe Now

Authoritative analysis and perspective for every segment of the mortgage industry

30-Day Free Trial

Authoritative analysis and perspective for every segment of the mortgage industry