Morgan Stanley Capital I Trust 2013-ALTM is a U.S. CMBS transaction backed by a 12-year fixed-rate partially amortizing mortgage loan, which is secured by a portion of a regional mall in Altamonte Springs, Fla. We lowered six ratings on the transaction. The downgrades primarily reflect our lower revised expected-case value on the collateral mall. This value is comparable to the updated brokers' opinions of value received by the prior special servicer. Since our last published review in June 2023, the loan, which has a reported nonperforming matured balloon payment status, transferred to special servicing in January 2025 due to imminent maturity default. NEW YORK (S&P Global Ratings) May 1, 2025--S&P Global Ratings today lowered its ratings on six classes of
