Class B-2 of Nomura Asset Securities Corp.'s commercial mortgage pass-through certificates, series 1994-MD1, has been downgraded from C to D by Fitch Ratings.The ratings on two other classes in the deal, A-3 and A-3X (interest-only), have been affirmed and removed from Rating Watch Negative. Fitch said the downgrade was due to realized losses that had been passed through to class B-2. The rating agency said two loans remain in the pool, one of which -- Canton Centre, a $17.7 million loan secured by a regional mall in Canton, Ohio -- is real estate owned, on which a loss is expected. Fitch can be found online at http://www.fitchratings.com.
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