Fitch has taken a slightly dimmer view of Midland Loan Services’ ability to workout distressed commercial mortgages.

In a press release published Friday, the rating agency said it had cut Midland’s special servicer rating by one notch, to ‘CSS2’ from ‘CSS1’, citing the “aging of the company’s asset management system,” which it said compares less favorably to those of other special servicers that it rates and “is no longer consistent with the highest standards of servicing ability and for managing large volumes of defaulted loans.”

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