The interest-only class from JPMorgan Chase Commercial Mortgage Securities Corp., commercial mortgage passthrough certificates, series 2002-CIBC4 (JPMCC 2002-CIBC4) was hit with an interest shortfall in August that has resulted in a $61.3 million loss, according to a Trepp report published on Tuesday.

The interest shortfalls have hit the X-1 interest-only class, which was originally rated triple-A. According to the report, this represents the first time a triple-A bond at the top of the credit stack has impacted by an interest shortfall in the CMBS conduit world.  

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