Fitch Considers Downgrading Wachovia Securities’ CMBS Servicer

Wells Fargo is a huge servicer of commercial mortgage backed securities. Wachovia is also a huge CMBS servicer. Fitch is a company that rates bonds, including many, many CMBS. Wells Fargo and Wachovia are merging. This will make them one massive servicer of CMBS. That fact is making Fitch a little nervous.  Fitch may down grade Wachovia’s CMBS servicer ratings. Fitch has placed them on “Rating Watch; Negative” while it makes up its mind.  Read all the nitty gritty details over at

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: