Deal Name: Prudential Securities Secured Financing Corp

Deal NameCurrentPoolBal. $mlnOrig.PoolBal $mlnClassSize$mlnMoody'sNewRatingMoody'sOldRatingReason for Rating ActionPrudential Securities Secured Financing Corp., 1999-NRF1616.3928.9D46.447Aa1A1Increased subordination and defeasance---E13.935Aa3A3----F20.903A3Baa3----G25.546Ba1Ba2----H9.291Ba2Ba3-First Union-Lehman Brothers Commercial Mortgage Trust II, 1997-C21000.02200.0D121.194AaaAa1Increased subordination and defeasance---E33.052AaaAa3-Banc of America Structured Notes Inc., 2003-RT19.820.0RT-A5.936AaaA2Increased subordination---RT-B3.363AaaA3----RT-C1.682AaaBaa1----RT-D1.682AaaBaa2----RT-E7.124AaaBaa3-GE Capital Mortgage Corp., 2003-C11100.01200.0C16.347AaaAa1Increased subordination and defeasance---D25.264Aa1Aa3----E16.347Aa3A2----F10.403A1A3----G16.347A3Baa1----H16.347Baa2Baa3-Greenwich Capital ...

Deal NameCurrentPoolBal. $mlnOrig.PoolBal $mlnClassSize$mlnMoody'sNewRatingMoody'sOldRatingReason for Rating ActionPrudential Secured Financing Corp., 1998-C1628.41,100.0E17.2AaaAa2Increased subordination; defeasance (8.5 percent of pool)---F25.8Aa2Baa1----H8.6Baa2Ba2----J11.5Ba1Ba3-First Union National Bank Commercial Mortgage Trust, 2001-C4828.7978.6D12.2AaaAa1Increased subordination; defeasance (13.7 percent of pool)---E17.1AaaAa3----F12.2Aa1A1----G12.2Aa2A2----H17.1A1Baa1----J14.7A3Baa2----K14.7Baa2Baa3----L22.0Ba1Ba2-Bear Stearns Commercial Mortgage Securities Inc., 1999-WF2757.11,100.0C43.2AaaAa1Increased subordination; defeasance (19.3 percent ...

Deal NameCurrentPoolBal. $mlnOrig.PoolBal $mlnClassSize$mlnMoody'sNewRatingMoody'sOldRatingReason for Rating ActionAsset Securitization Corp., 1997-D51,380.01,790.0A-352.6AaaAa3Settlement of Doctor's Hospital loan results in smaller-than-expected loss.Prudential Securities Secured Funding Corp., KEY 2000-C1659.9816.3B34.7AaaAa1Increased subordination; defeasance 20.4 percent of pool.---C40.8Aa1A2----D10.2Aa2A3----E10.2Aa3Baa1----F18.4A3Baa2----G14.3Baa2Baa3-Artesia Mortgage CMBS Inc., 1998-C180.7187.0E3.3AaaAa2Increased subordination---F8.4Baa3Ba1-

Deal NameCurrentPoolBal. $mlnOrig.PoolBal $mlnClassSize$mlnFitchNewRatingFitchOldRatingReason for Rating ActionPrudential Securities Secured Funding Corp., 1999-NRF1628.9928.9E13.9AAAAA+Increased subordination; defeasance (10.3 percent of pool)---F20.9AAA+----G25.5BBB+BBB----H9.3BBBBB+----J9.3BB+BB-Merrill Lynch Mortgage Investors Inc., 1999-C1463.8592.5E20.7AAA+Increased subordination; defeasance (17.3 percent of pool)---F7.4A+BBB-Credit Suisse First Boston Mortgage Securities Corp., 2005-TFL1220.01,000.0E22.5AAAAA+Increased subordination; improved collateral performance---F22.5AAAAA----G22.5AAAA+----H22.5AA+BBB+----J15.0AABBB----K15.0AA-BBB-----L22.5BBBBBB--

Following is the first part of a list of CMBS upgrades that Moody's Investors Service made yesterday, as a result of its adoption of quantitative analysis to determine whether certain seasoned transactions should get upgraded. In total, the agency upgraded ...

Moody's Investors Service recently downgraded the $8.7 million class N of Prudential Securities Secured Financing, 1999-C2, to Caa1 from B3, because of losses. The transaction has so far seen seven loans get liquidated, resulting in $4.9 million in losses. Another ...

Moody's Investors Service has downgraded one class of Prudential Securities Secured Financing Corp., 1998-C1, because of losses. So far, the deal has suffered $13.1 million of losses from the liquidation of seven loans, prompting the rating agency to downgrade the ...

April 28, 2005 Standard & Poor's has upgraded seven classes of Prudential Securities Secured Financing Corp., 1998-C1, because of improved subordination levels. The deal's balance is $842.8 million, compared to $1.15 billion at issuance. Another 2.9 percent of the deal ...

February 2, 2005 Moody's Investors Service has upgraded six classes of Prudential Securities Secured Financing, 1999-C2, because subordination levels have improved. The collateral balance has been reduced to $750.2 million, down from $869.3 million at issuance. Five additional loans, totaling ...

January 4, 2005 Moody's Investors Service has downgraded two classes of Prudential Securities Secured Financing Corp., 1999-NRF1, because of losses from loans in special servicing. It downgraded the deal's: – $15.8 million class K to B3 from B2 and – ...