Deal Name: Mortgage Capital Funding

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 Asset Securitization Corp., ...

Moody's Investors Service has downgraded the $19.1 million class J of Mortgage Capital Funding Inc., 1998-MC3, to C from Ca due to losses from loans in special servicing. The pool has experienced about $35.5 million in total losses, about $3.6 ...

Commercial Real Estate Direct Staff ReportThe volume of delinquent CMBS loans fell further in December, to $2.65 billion from $2.83 billion in November, according to Realpoint.The decline in delinquency reflects the continued improvement in the broader commercial real estate market. ...

Moody's Investors Service has downgraded three classes of Mortgage Capital Funding Inc., 1998-MC3, because of losses from loans in special servicing.So far, the transaction has seen seven loans get liquidated, resulting in $12.9 million of losses. Another five loans totaling ...

Deal NameCurrentPoolBal. $mlnOrig.PoolBal $mlnClassSize$mlnFitchNewRatingFitchOldRatingReason for Rating ActionJPMorgan Chase Commercial Mortgage Securities Corp., 2001-C1949.61,070.0C21.9AAAAA+Improved subordination; defeasance (12.6 percent of pool)---D21.9AAAAA-----E12.9AAAA+----F25.8AA-BBB+----G12.9ABBB----H21.9BBBBB+----J9.0BBB-BB----K6.4BB+BB-----L10.3BB-B+-Banc of America Large Loan Inc., 2004-BBA4409.01,165.5E16.9AAAAA+Increased subordination---F15.5AAAAA----G15.1AAAA+----H9.4AA+BBB+----J11.2AABBB-Bear Stearns Commercial Mortgage Securities Inc., 2000-WF1692.8888.3C35.5AAAAA+Increased subordination; defeasance (36.05 percent of pool)---D8.9AAAAA----E26.6AAAA----F8.9AAA-----G15.5A-BBB----H13.3BBBBB+----I6.7BBB-BB-----J5.6BBB+-Greenwich Capital Commercial ...

Standard & Poor's has upgraded two classes of Mortgage Capital Funding Inc., 1998-MC3, because of improved subordination levels. The deal's collateral balance is $567.5 million, compared with $908.2 million at issuance. In addition, $29.9 million of loans have been defeased, ...

Fitch Ratings has upgraded bonds from two CMBS deals because of increased subordination levels.The rating agency has upgraded three classes of Banc of America Large Loans Inc., 2003-BBA2, which has a balance of $636.4 million compared to $1.6 billion at ...

Fitch Ratings has downgraded the $22.7 million class M of Mortgage Capital Funding Inc., 1998-MC1, to CCC from B- because of an increase in the volume of loans in special servicing and expected losses.The loans totaling 2 percent of the ...

Moody's Investors Service has upgraded two classes of Mortgage Capital Funding Inc., 1998-MC2, because of improved subordination levels. The deal's balance is $632.5 million, compared with $1 billion at issuance. Moody's upgraded the deal's: - $58 million class C to ...

Fitch Ratings has upgraded three classes of Mortgage Capital Funding Inc., 1997-MC2, because of increased subordination levels.  The transaction balance has decreased 56.1 percent to $382.7 million from $870.6 million at issuance.Fitch upgraded the deal's:- $43.5 million class F to ...