Class M of Mortgage Capital Funding Inc.'s commercial mortgage pass-through certificates, series 1998-MC1, has been downgraded from CCC to B-minus by Fitch Ratings.Fitch also upgraded three classes in the deal and removed them from Rating Watch Positive, and affirmed the ratings on five other classes in the transaction. The downgrade was attributed to an increase in the number of specially serviced loans and in loss expectations.

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