Three classes from Salomon Brothers Mortgage Securities VII Inc., series 2000-C2, have been downgraded by Fitch Ratings.The downgrades were as follows: class L, from B to B-minus; class M, from CCC to CC; and class N, from CC to C. The downgrades were attributed to an increase in expected losses on several specially serviced loans. The certificates are collateralized by 178 fixed-rate mortgage loans, consisting primarily of office (37%), retail (22%), and industrial (18%) properties. Fitch can be found online at http://www.fitchratings.com.
Processing Content
