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Deal Name: Series 1998-C3
S&P CMBS UPGRADES
Deal NameCurrentPoolBal. $mlnOrig.PoolBal $mlnClassSize$mlnS&PNewRatingS&POldRatingReason for Rating ActionUBS 400 Atlantic Street Mortgage Trust, 2002-C1A29.829.8B-17.5AAAA+Full defeasance---B-24.2AAAA----B-35.0AAAA-----B-44.2AAABBB+----B-58.8AAABBB--Merrill Lynch Mortgage Investors Inc., 1998-C3388.2638.4D38.3AAA-Increased subordination---E8.0A+BBB+----F35.1BBBB--LB-UBS Westfield Trust, 2001-WM751.7800.0B65.1AAAAAImproved collateral performance; defeasance (12 percent of pool)---C59.3AAAA----D45.6AAAA-----E23.5AA+BBB+----F25.0AABBB----G54AA-BBB--
S&P CMBS UPGRADES
Deal NameCurrentPoolBal. $mlnOrig.PoolBal $mlnClassSize$mlnS&PNewRatingS&POldRatingReason for Rating ActionUBS 400 Atlantic Street Mortgage Trust, 2002-C1A29.829.8B-17.5AAAA+Full defeasance---B-24.2AAAA----B-35.0AAAA-----B-44.2AAABBB+----B-58.8AAABBB--Merrill Lynch Mortgage Investors Inc., 1998-C3388.2638.4D38.3AAA-Increased subordination---E8.0A+BBB+----F35.1BBBB--LB-UBS Westfield Trust, 2001-WM751.7800.0B65.1AAAAAImproved collateral performance; defeasance (12 percent of pool)---C59.3AAAA----D45.6AAAA-----E23.5AA+BBB+----F25.0AABBB----G54AA-BBB--
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Commercial Real Estate Direct is the only source -- in print or otherwise -- that keeps close tabs on the entire real estate capital markets industry. It provides up-to-date market intelligence on the mortgage business, equity raising, investment sales and CMBS.
