CDC 2002-FX1 P-T Ctfs Upgraded by Fitch Ratings.NEW YORK New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of -- CDC See Control Data, century date change and Back Orifice. CDC - Control Data Corporation Commercial Mortgage Trust 2002-FX1 commercial mortgage pass-through certificates, series 2002-FX1 are upgraded by Fitch Ratings as follows: -- $20.7 million class D to 'AA+' from 'AA'; -- $8.0 million class E to 'AA' from 'AA-'. In addition, Fitch also affirms the following classes: -- $149.8 million class A-1 'AAA'; -- $304.9 million class A-2 'AAA'; -- Interest-only classes X-CL and X-CP 'AAA'; -- $25.5 million class B 'AAA'; -- $9.6 million class C 'AAA'; -- $8.0 million class F 'A+'; -- $12.8 million class G 'A-'; -- $9.6 million class H 'BBB+'. Fitch does not rate classes J, K, L, M, N, P or Q. The upgrades reflect the defeasance of additional 6% of the pool since Fitch's previous rating action in June 2005, when Fitch upgraded classes B through F. Since issuance, 20% of the pool has defeased. As of the September 2005 distribution date, the pool's certificate balance has paid down 4.4% to $609.3 million from $637.5 million at issuance. One asset (0.33%) is in special servicing and is real estate owned Real Estate Owned Property owned by a lender - usually a bank - after an unsuccessful sale at a foreclosure auction. This is common because most of the properties up for sale at these auctions are worth less than the total amount owed to the bank: the minimum bid in most (REO reo Noun NZ a language [Maori] ). The asset, an office property in Corpus Christi, TX, is being marketed for sale and small losses are possible. Fitch's rating definitions and the terms of use Terms of Use are rules set up by the owner of an intellectual property or service to govern how they may be legally used. In many cases, terms of service are used as a contractual agreement between a company and users of a service they provide. of such ratings are available on the agency's public site, www.fitchratings.com. Published ratings, criteria and methodologies are available from this site, at all times. Fitch's code of conduct, confidentiality, conflicts of interest, affiliate firewall, compliance and other relevant policies and procedures Policies and Procedures are a set of documents that describe an organization's policies for operation and the procedures necessary to fulfill the policies. They are often initiated because of some external requirement, such as environmental compliance or other governmental are also available from the 'Code of Conduct' section of this site. |
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