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TEXT-Fitch downgrades DECO 12
December 4, 2012 / 6:01 PM / 5 years ago

TEXT-Fitch downgrades DECO 12

Dec 4 - Fitch Ratings has downgraded DECO 12 - UK 4 p.l.c.'s class F notes
due January 2020, as follows:

GBP0.7m class F (XS0289644980) downgraded to 'Dsf' from 'Csf'; RE 0%

The downgrade reflects the note loss allocation which occurred on the October
interest payment date (IPD), as a result of the crystallisation of losses
following the sale of the last property securing the Industrial Realisation
(Famborough) loan.

The EUR382,751 of losses has led to a partial write-down of the class (34%) F

Additional information is available at

The ratings above were solicited by, or on behalf of, the issuer, and therefore,
Fitch has been compensated for the provision of the ratings.

The sources of information used to assess these ratings were the issuer,
servicer, and periodic cash manager and servicer reports.

Applicable criteria, "EMEA CMBS Rating Criteria", dated 04 April 2012 and
'Global Structured Finance Rating Criteria', dated 4 August 2011, is available

Applicable Criteria and Related Research:
EMEA CMBS Rating Criteria

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