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Fitch Upgrades Two Classes of LNR CDO 2002-1 Ltd./Corp.

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NEW YORK--(BUSINESS WIRE)--Fitch Ratings has upgraded two classes and affirmed seven classes issued by LNR CDO 2002-1 Ltd./Corp (LNR 2002-1). The upgrades are a result of increased credit enhancement to the notes from principal paydowns. A complete list of rating actions follows at the end of this press release. KEY RATING DRIVERS Since the last rating action in February 2014, approximately 12.94% of the collateral has been upgraded. Currently, 74.8% of the portfolio has a Fitch derived rating

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