Fitch Downgrades GCCFC 2007-GG9; Affirms Super Senior and Mezzanine AAA Classes
CHICAGO–(BUSINESS WIRE)–Fitch Ratings downgrades 16 classes of Greenwich Capital Commercial Funding Corp., series 2007-GG9 (GCCFC 2007-GG9), commercial mortgage pass-through certificates, due to further deterioration of performance primarily due to increased expected losses on the specially serviced loans. A detailed list of rating actions follows at the end of this release. The downgrades reflect an increase in Fitch modeled losses across the pool, which includes assumed losses on loans in sp
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