NEW YORK (S&P Global Ratings) Aug. 30, 2021--S&P Global Ratings said today that its 'BBB' long-term ratings on Arizona Industrial Development Authority's (AZIDA) series 2019-1 class A and class X multifamily mortgage loan pass-through certificates, issued for Citi Community Capital, Calif., remain on negative outlook. The ratings had been placed on negative outlook on May 10, 2021 because one of the 20 loans in the transaction, for Mill City Quarter Apartments, was placed into special servicing on April 12, 2021, after the borrower failed to remit its March and April loan payments. "This loan continues to be the only delinquent loan in the transaction and had a balance outstanding of $17.4 million as of Aug. 20, 2021," said S&P Global
