Deal Name: Morgan Stanley Dean Witter Capital I

Following is a list of recent downgrades by Moody's Investors Service: Deal Name Current Pool Bal. $mln Orig. Pool Bal $mln DXMark (collateral value, % of par)* Class Size $mln Moody's New Rating Moody's Old Rating Notes JPMorgan Chase Commercial ...

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's New Rating Fitch's Old Rating Notes GMAC Commercial Mortgage Securities ...

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's New Rating Fitch's Old Rating Notes GMAC Commercial Mortgage Securities ...

Following is a list of recent downgrades by Moody's Investors Service: Deal Name Current Pool Bal. $mln Orig. Pool Bal $mln DXMark (collateral value, % of par)* Class Size $mln Moody's New Rating Moody's Old Rating Notes Merrill Lynch Mortgage ...

  Deal Name CurrentPoolBal. $mln Orig.PoolBal $mln Class Size$mln Moody'sNewRating Moody'sOldRating Reason for Rating Action JPMorgan Chase Commercial Mortgage Securities Corp., 2005-FL1 202.5 1,020.0 C 10.2 Aaa Aa1 Increased subordination - - - D 8.3 Aaa Aa2 - - - ...

Deal Name CurrentPoolBal. $mln Orig.PoolBal $mln Class Size$mln FitchNewRating FitchOldRating Reason for Rating Action Chase Commercial Mortgage Securities Corp., 2000-1 437.3 697.1 F 10.5 AA+ AA Improved subordination/defeasance LB-UBS Commercial Mortgage Trust, 2000-C3 886.9 1,305.7 G 11.8 AAA AA+ Improved ...

  Deal Name CurrentPoolBal. $mln Orig.PoolBal $mln Class Size$mln S&PNewRating S&POldRating Reason for Rating Action Morgan Stanley Dean Witter Capital I Trust, 2001-TOP5 781.6 1,042.0 C 28.3 AA+ AA Increased subordination; defeasance (19 percent of pool) - - - D ...

  Deal Name CurrentPoolBal. $mln Orig.PoolBal $mln Class Size$mln S&PNewRating S&POldRating Reason for Rating Action Morgan Stanley Dean Witter Capital I Trust, 2001-PPM 158.9 623.6 G 8.6 BB- B+ Increased subordination - - - H 9.4 B- D - - ...

  Deal Name CurrentPoolBal. $mln Orig.PoolBal $mln Class Size$mln Moody'sNewRating Moody'sOldRating Reason for Rating Action Morgan Stanley Dean Witter Capital I Trust, 2000-LIFE2 561.4 765.3 C 24.9 Aa2 Aa3 Increased subordination; defeasance (8.5 percent of pool) JPMorgan Chase Commercial Mortgage ...

  Deal Name CurrentPoolBal. $mln Orig.PoolBal $mln Class Size$mln S&PNewRating S&POldRating Reason for Rating Action First Union National Bank Commercial Mortgage Trust, 2001-C3 619.1 818.8 E 11.3 AAA AA+ Increased subordination - - - F 12.3 AA+ AA - - ...