Fitch Ratings downgrades, removes from Rating Watch Negative, and revises Recovery Ratings on three classes of CBA Commercial, LLC, Series 2006-1, as follows:
--$4.9 million class M-3 to 'D/RR6' from 'BB-/'; removed from Rating Watch Negative';
--$0 class M-4 to 'D/RR6' from 'CCC/RR1';
--$0 class M-5 to 'D/RR6' from 'C/RR6'.
The downgrades are the result of realized losses to the trust which have either caused the class to incur principal losses or reduced the class balance to zero.
Fitch expects to resolve the Rating Watch status of classes A, X-1, M-1, and M-2 shortly with a prospective review of the remaining collateral which may result in significant downgrades to the remaining classes.
Additional information is available at 'www.fitchratings.com'.
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Lisa Cook, 212-908-0665
Adam Fox,
212-908-0869
or
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Email: sandro.scenga@fitchratings.com