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 B-plus to B, and class H was downgraded from CC/DR4 to C/DR5. In addition, Fitch affirmed the ratings on three other classes in the deal. The downgrades were attributed to an increase in expected losses as a result of recent valuations on the specially serviced assets. "As of the November 2007 distribution date, the pool's aggregate certificate balance has been reduced 85% to $153.6 million from $1.02 billion at issuance," Fitch reported.
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