On July 21, Standard & Poor's published a criteria document outlining refinements it made to its methodology for assessing the impact of losses and recoveries on U.S. conduit/fusion CMBS.

Of the 3,382 conduit/fusion classes with ratings on CreditWatch negative following criteria revisions the agency announced June 26 in the report U.S. CMBS Rating Methodology And Assumptions For Conduit/Fusion Pools, up to 74 classes might be affected by the July 21 refinement.

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