Three classes from Citigroup Commercial Mortgage Trust commercial mortgage pass-through certificates series 2006-FL2 have been downgraded by Moody's Investors Service. The downgrades were as follows: class L, from Baa3 to Ba1; class RAM-1, from Baa3 to Ba2; and class RAM-2, from Ba1 to Ba3. Moody's said it downgraded pooled class L and rake classes RAM-1 and RAM-2 based on a decline in its estimate of property value for the Radisson Ambassador Plaza Hotel and Casino in San Juan, Puerto Rico.
Processing Content
