Two classes of NationsLink Funding Corp.'s commercial mortgage pass-through certificates, series 1998-1, have been downgraded by Fitch Ratings.Class G was downgraded from BB-plus to B-plus, and class H was downgraded from B to CC/DR4. Fitch also affirmed the ratings on seven other classes in the transaction. The downgrades were attributed to expected losses on the largest specially serviced asset in the deal, a hotel in Kissimmee, Fla., that is now real estate owned. "The hotel has lost its flag, and a recent valuation of the property indicates significant losses upon liquidation of the asset." the rating agency said. Fitch can be found online at http://www.fitchratings.com.
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