Class K of Wachovia Bank Commercial Mortgage Trust commercial mortgage pass-through certificates, series 2005-WHALE 6, has been downgraded from Baa3 to Ba2 by Moody's Investors Service.Moody's also affirmed the ratings on six other classes in the transaction. The downgrade was attributed to the poor performance of the One Oliver Plaza loan, secured by a Class A office building in the central business district of Pittsburgh, and the 230 Peachtree loan, secured by an office building in downtown Atlanta. Both loans have low occupancy levels. "Property income is sufficient to cover debt service on the pooled debt amount for each of the two loans but is insufficient to cover the debt service on the total debt amount," Moody's said. The rating agency can be found online at http://www.moodys.com.
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