Class A-6 of Asset Securitization Corp.'s commercial mortgage pass-through certificates series 1996-MDVI has been placed on CreditWatch with negative implications by Standard & Poor's.S&P also affirmed the ratings on six other classes from the same deal. The action "reflects the refinancing risk associated with the Prime Retail II portfolio loan, which has an outstanding principal balance of $337.1 million (42% of the mortgage pool balance)," S&P said. The loan is collateralized by 13 factory outlet centers in 10 states, the rating agency said.
Processing Content
