One class of the Eaton Vance CDO III Ltd., managed by Eaton Vance Management, was downgraded today by Fitch Ratings today. The ratings on five other classes were affirmed.

The class D floating rate notes were downgraded to 'BB-' from 'BB+'. This was attributed to the deterioration of the credit fundamentals, the agency stated, noting the current weighted average rating factor of 56.09 relative to the initial WARF of 48.

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