Small-Balance CMBS Classes Downgraded

Twenty classes from five small-balance commercial mortgage-backed securities deals issued by CBA Commercial and LaSalle Commercial Mortgage Securities have been downgraded by Fitch Ratings.Fitch also affirmed the ratings on 62 classes from eight small-balance CMBS deals by the same issuers. The downgrades were attributed to higher-than-expected delinquencies. The transactions are collateralized by small-balance commercial loans secured by multifamily, retail, office, and mixed-use properties. Fitch can be found online at http://www.fitchratings.com.

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