Deal Name: 2004-ESA

  Deal Name CurrentPoolBal. $mln Orig.PoolBal $mln Class Size$mln DBRSNewRating DBRSOldRating Reason for Rating Action Bear Stearns Commercial Mortgage Securities Inc., 2004-ESA 665.5 2,050.0 F 43.0 AAA AAhigh Defeasance (100 percent) - - - G 43.0 AAA AA - - ...

Moody's Investors Service has upgraded six classes of Bear Stearns Commercial Mortgage Securities Inc., 2004-ESA.The rating agency last July had upgraded seven of the deal's classes because of a substantial paydown of the collateral loan, which reduced the deal's overall ...

Dominion Bond Rating Service has upgraded eight classes of Bear Stearns Commercial Mortgage Securities, 2004-ESA, because the leverage level of the remaining collateral properties has declined. Recently, $1.14 billion of the deal was repaid. At the same time, 285 properties ...

Fitch Ratings has upgraded eight classes of Bear Stearns Commercial Mortgage Securities, 2004-ESA, as a result of a substantial reduction in the balance of the deal's collateral loan.A total of 285 properties were released from the deal's collateral pool when ...

Moody's Investors Service has upgraded seven classes of Bear Stearns Commercial Mortgage Securities Inc., 2004-ESA, because of a substantial reduction in the deal's leverage levels.Earlier this week, 283 properties securing the debt in the transaction were released as collateral, allowing ...

Fitch Ratings has placed eight classes of Bear Stearns Commercial Mortgage Securities, 2004-ESA, on rating watch positive because of the recent pay down of $1.3 billion of the deal's collateral.The pay down resulted in the release of 283 properties from ...

Standard & Poor's Ratings Services has placed the ratings of eight classes of Bear Stearns Commercial Mortgage Securities Inc., 2004-ESA, on creditwatch with positive implications because a big chunk of the collateral debt has been retired.The rating agency said that ...

June 18, 2004 Class Amt $mln Avg Life (yrs) Rating S&P Rating Moody's Rating Fitch Rating DBRS Price Guidance (bp) Final Pricing (bp) Bnch mark A1 445.00 2.88 AAA Aaa AAA AAA +22-23 +22 Libor A2 689.50 2.88 AAA Aaa ...

June 8, 2004 Class Amt $mln Avg Life (yrs) Rating S&P Rating Moody's Rating Fitch Rating DBRS Price Guidance (bp) Bnch mark A1 298.00 2.89/4.89 AAA Aaa AAA AAA +22-23 Libor A1E E210.00 2.89/4.89 AAA Aaa AAA AAA +22-23 Libor ...

May 27, 2004 Commercial Real Estate Direct Staff ReportThe $2.66 billion of debt that Bank of America and Bear Stearns provided to Blackstone Group for its purchase of Extended Stay America Inc. is divided into three tranches.The debt contains a ...