Deal Name: Prudential Commercial Mortgage Trust

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 JPMorgan Chase Commercial Mortgage ...

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 JPMorgan Chase Commercial Mortgage ...

Deal NameCurrentPoolBal. $mlnOrig.PoolBal $mlnClassSize$mlnFitchNewRatingFitchOldRatingReason for Rating ActionBear Stearns Commercial Mortgage Securities Inc., 2003-PWR2898.81,070.0C28.0AAAA-Increased subordination; defeasance (12.5 percent of pool)---D9.3AA-A+----E12.0AA-----F10.7A-BBB+----G9.3BBB+BBB----H13.3BBB-BB+----J5.3BBBB-----K5.3BBBB-----L4.0BB-B+-NationsLink Funding Corp., 1999-1905.01,200.0G9.2AA-A-Increased subordination; defeasance (34.8 percent of pool)Bear Stearns Commercial Mortgage Securities Inc., 2003-TOP12981.61,160.0B30.5AAAAA+Increased subordination; defeasance (8.7 percent of pool)---C30.5AAA----D13.1AA-A-----E14.5A-BBB+----F7.3BBB+BBB----G7.3BBBBBB-----H5.8BBB-BB+----J5.8BB+BB----K2.9BBBB-----L2.9BB-B+-Morgan ...

Deal NameCurrentPoolBal. $mlnOrig.PoolBal $mlnClassSize$mlnS&PNewRatingS&POldRatingReason for Rating ActionJPMorgan Chase Commercial Mortgage Securities Corp., 2003-C11,037.01,067.0B34.7AAAAAIncreased subordination; defeasance (15 percent of pool balance)---C10.7AA+AA-----D32.0AAA----E14.7AA-A-----F17.4A+BBB+----G17.4A-BBB----H12.0BBBBBB--Bear Stearns Commercial Mortgage Securities Trust, 2003-TOP101,148.01,212.0B34.8AA+AAIncreased subordination---C37.9A+A----D12.1AA--LB-UBS Commercial Mortgage Trust, 2003-C81,346.01,400.0B14.9AAAAA+Increased subordination; defeasance (9 percent of pool balance)---C14.9AAAAA----D17.5AA+AA-----E22.7AAA+----F14.0AA-A----G21.0A+A-----H17.5A-BBB+----J14.0BBB+BBB----K21.0BBBBBB--JPMorgan Chase Commercial ...

March 7, 2003 Class Amt ($mln) Sub Level (%) Avg Life (yrs) Rating Fitch Rating S&P Price Talk (bp) Final Price (bp) Bnch mark A1 269 18 5.7 AAA AAA +39-40 +42 Swaps A2 518.2 18 9.79 AAA AAA +43-44 ...