The ratings on four classes of Salomon Brothers Commercial Mortgage Trust 2000-C3's commercial mortgage pass-through certificates have been lowered by Standard & Poor's.The downgrades were as follows: class K, from BB-minus to B-plus; class L, from B-plus to B; class M, from B to B-minus; and class N, from B-minus to CCC-plus. S&P also affirmed the ratings on 11 other classes in the same deal. The rating agency said the lowered ratings "reflect anticipated credit support erosion upon the eventual disposition of some of the specially serviced assets, particularly those secured by office properties, and concerns regarding some of the watchlist loans."
Processing Content
