Two classes of RMF commercial mortgage pass-through certificates series 1995-1 have been downgraded by Fitch Ratings and removed from Rating Watch Negative.Class E was downgraded from BB-minus to B and class F was downgraded from CCC to C. In addition, Fitch affirmed the ratings on the six other Fitch-rated classes in the deal. The downgrades were based on continuing declines in the performance of the transaction, expected losses on a certain loan pool, and growing interest shortfalls, Fitch said. "The deal's weaker operating performance is due to higher operating costs, heavy competition, weak demand, and regulatory compliance issues," the rating agency said. Fitch can be found on the Web at http://www.fitchratings.com.
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