Deal Name: 2005-WHALE5

Following is a list of recent downgrades by Fitch Ratings: Deal Name Current Pool Bal. $mln Orig. Pool Bal $mln DXMark (collateral value, % of par)* Class Size $mln Fitch New Rating Fitch Old Rating Notes Wachovia Bank Commercial Mortgage ...

Fitch Ratings has downgraded the $10.8 million class L of Wachovia Bank Commercial Mortgage Trust, 2005-WHALE5, to BB- from BBB+, due to the declining performance of a $29.7 million loan.The loan, which is the pool's last, is secured by two ...

Deal NameCurrentPoolBal. $mlnOrig.PoolBal $mlnClassSize$mlnFitchNewRatingFitchOldRatingReason for Rating ActionGMAC Commercial Mortgage Securities Inc., 2000-C31,200.01,320.0E35.1AAAAA+Increased subordination; defeasance (28.3 percent of pool)GS Mortgage Securities Corp. II, 1998-GLII1,160.01,410.0E70.5AAAAADefeasance (70 percent of pool)Prudential Mortgage Capital Funding (ROCK), 2001-C1801.1908.2G13.6AAAAAIncreased subordination; defeasance (32.6 percent of pool)---H13.6AAA----J22.7BBB+BBB----K6.8BBB-BB+----L4.5BB+BB-JPMorgan Chase Commercial ...

Deal NameCurrentPoolBal. $mlnOrig.PoolBal $mlnClassSize$mlnFitchNewRatingFitchOldRatingReason for Rating ActionGE Capital Commercial Corp., 2002-1945.81,004.0D16.9AAAAA+Increased subordination; defeasance (10 percent of pool)---E10.4AA+AA----F13.0AA-A+----G18.2AA-----H10.4A-BBB+-Bear Stearns Commercial Mortgage Securities Inc., 2004-BBA5205.01,030.0E22.7AAAAA+Increased subordination---F22.4AA+AA----G18.6AA-A+----H15.7AA--Banc of America Large Loan Inc., 2003-BBA2252.21,400.0F35.3AAAAA+Collateral repayment---G37.2AAAA+----H22.7AA--Bear Stearns Commercial Mortgage Securities Inc., 2003-TOP101,150.01,210.0B34.8AA+AAAmortization; defeasance (3 percent ...

March 28, 2005 Class Amt $mln Sub Level% Avg Life (yrs) Rating S&P Rating Fitch Rating Moody's Final Pricing (bp) Bnch mark A-1 614.44 43.94 1.75 AAA AAA Aaa +10 Libor A-2 204.82 25.25 4.43 AAA AAA Aaa +20 Libor ...