Moody's Eyes Wachovia CMBS Classes

Classes F, G, and H of Wachovia Bank Commercial Mortgage Trust commercial mortgage pass-through certificates, series 2005-C20, have been placed on review for possible downgrade by Moody's Investors Service. Moody's also affirmed the ratings on 17 classes in the deal. The certificates are collateralized by 207 mortgage loans, one of which (representing 4.2% of the pool) is in special servicing. Moody's said it is estimating "a significant loss" from the specially serviced loan, the Macon & Burlington Mall Pool Loan, which is secured by two regional malls in Macon, Ga., and Burlington, N.C. As of December, the Macon Mall was approximately 75% leased and the Burlington Mall was 53% leased, the rating agency said. Moody's said the one owned anchor, Parisan, recently terminated its lease early, and the loan was transferred to the special servicer for imminent default in March.