Classes A-3A, A-4A, A-1B, and A-BX of CR 2000-ZC2 commercial mortgage pass-through certificates have been downgraded from A1 to A3 by Moody's Investors Service.The transaction consists of a single loan secured by fee interests in 25 assisted-living facilities and one combination assisted-living/skilled nursing home property owned by Alterra Healthcare. The properties are located in 11 states. Moody's said its ratings on the downgraded classes are based on a surety wrap provided by ZC Specialty Insurance Co., Centre Reinsurance (U.S. Ltd.), and related entities whose insurance financial strength ratings were downgraded from A1 to A3 by the rating agency May 30. Moody's can be found online at http://www.moodys.com.
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