Two classes from two issues of Morgan Stanley Capital I Inc. commercial mortgage-backed securities pass-through certificates have been downgraded by Fitch Ratings.Class F of series 1997-RR and class F-7 of series 2004-RR were downgraded from BB-minus to B-plus. Fitch also upgraded five classes and affirmed the ratings on four other classes in the two deals. The rating agency attributed the downgrades to the reduced credit quality of the remaining collateral. The deals are collateralized by all or a portion of 21 classes of fixed-rate commercial mortgage-backed securities in 11 separate transactions, Fitch said.
Morgan Stanley CMBS Classes Downgraded
June 29, 2007, 2:00 p.m. EDT 1 Min Read
