Deal Name: 2004-BBA5

Standard & Poor's has downgraded two classes of Bear Stearns Commercial Mortgage Securities Inc., 2004-BBA5, because the second-largest loan in the collateral pool has seen a decline in operating performance.The loan has a balance of $170 million, but only $115 ...

Moody's Investors Service has upgraded two classes of Bear Stearns Commercial Mortgage Securities Inc., 2004-BBA5, because of a signficant increase in the deal's subordination levels. The transction's balance is $461.9 million, compared at $1 billion at issuance. In addition, Moody's ...

Fitch Ratings has upgraded five classes of the Bear Stearns Capital Mortgage, 2004-BBA5, because of increased subordination levels. The deal has a remaining balance of $466.4 million, down 54.9 percent from $1.03 billion at issuance. Fitch upgraded the deal's:- $26.5 ...

Fitch Ratings has upgraded bond classes from three CMBS deals because of improved subordination levels.The rating agency upgraded two classes of Bear Stearns Commercial Mortgage Securities Inc., 2004-BBA5, whose balance is $742.8 million, compared with $1.03 billion at issuance: - ...

December 17, 2004 Class Amt $mln Sub Level% Avg Life (yrs)* Rating S&P Rating Fitch Rating Moody's Final Pricing (bp) Bnch mark A1 652.02 36.88 1.73 AAA AAA Aaa +13 Libor A2 163.01 21.10 2.36 AAA AAA Aaa +17 Libor ...