NEW YORK--(BUSINESS WIRE)--Fitch Ratings has downgraded one and affirmed 17 classes of ML-CFC Commercial Mortgage Trust, series 2006-1. A detailed list of rating actions follows at the end of this press release. KEY RATING DRIVERS The downgrade is due to the greater certainty of losses from the specially serviced assets. The affirmations are primarily due to the overall stable pool performance since Fitch's last rating action. Fitch modeled losses of 10.5% of the remaining pool; expected losses
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