Fitch Ratings has undertaken an in-depth analysis of 34 floating-rate U.S. CMBS transactions, totaling approximately $27 billion, with plans to resolve the Rating Watch Negative status on $25.5 billion of these bonds in the coming weeks.

Fitch placed roughly $20 billion of bonds in these transactions on Rating Watch Negative in December of last year. Before the December action, the rating agency had more than $5 billion previously placed on Rating Watch Negative. The firm expects to resolve the Rating Watch Negative status on these transactions over the next 30 days.

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