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Deal Name: Chase Commercial Mortgage Securities Corp

FITCH CMBS UPGRADES

Deal NameCurrentPoolBal. $mlnOrig.PoolBal $mlnClassSize$mlnFitchNewRatingFitchOldRatingReason for Rating ActionBear Stearns Commercial Mortgage Securities Inc., 2003-PWR21,010.01,070.0B26.7AAAAA+Increased subordination; defeasance (9.4 percent of pool---D9.3A+A-Chase Commercial Mortgage Securities Corp., 1998-21,000.01,270.0D72.9AA+AAIncreased subordination; defeasance (16.2 percent of pool)---E19.0AA-A+----F57.1BBB-BB+----G12.7BB+BB-

S&P CMBS UPGRADES

Deal NameCurrentPoolBal. $mlnOrig.PoolBal $mlnClassSize$mlnS&PNewRatingS&POldRatingReason for Rating ActionChase Commercial Mortgage Securities Corp., 1996-246.2262.0D13.1AAAAA-Increased subordination; stable pool performance---E5.2AA+AA--

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