Fitch Downgrades MSCI 2006-TOP23; Assigns Outlooks, RR and LS Ratings
NEW YORK–(BUSINESS WIRE)–Fitch Ratings has downgraded 14 classes of Morgan Stanley Capital I Trust, series 2006-TOP23 commercial mortgage pass-through certificates, due to further deterioration of loan performance primarily from increased losses on the specially serviced loans. A complete list of ratings follows at the end of the release. As a result of the expected losses on loans currently in special servicing, Fitch expects classes M through P to be fully depleted and class L to be signific
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