Fitch Downgrades 1 Class of J.P. Morgan Chase Commercial Mortgage Securities Corp., Ser 2001-CIBC1
There are 1 comment on the Business Wire story from Jan 23, 2013, titled Fitch Downgrades 1 Class of J.P. Morgan Chase Commercial Mortgage Securities Corp., Ser 2001-CIBC1. In it, Business Wire reports that:Fitch modeled losses of 7.1% of the remaining pool; expected losses on the original pool balance total 6%, including losses already incurred.
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#1 Jan 24, 2013
The down grade is due to poor retail sales as Tupelo shopping can not sustain more restaurants and retail. Drop in quality such as mall outlet store and overbuilding without attracting high pay vocations has sent Tupelo on a tail spin.
The city is not making an environment for the young creative class. The old power structure has lost its income.
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