Deal Name: Wachovia Bank Commercial Mortgage Trust

Standard & Poor's has upgraded 12 classes of Wachovia Bank Commercial Mortgage Trust, 2002-C1, because of improved subordination levels. The deal has a balance of $912 million, down 4 percent from $950 million at issuance. And 5 percent of the ...

Standard & Poor's has upgraded 13 classes of Wachovia Bank Commercial Mortgage Trust, 2002-C2, because of improved subordination levels. The deal's collateral balance is $842.7 million, compared with $875.1 million at issuance.So the rating agency upgraded the: - $32.8 million ...

Moody's has downgraded two classes of Wachovia Bank Commercial Mortgage Trust, 2004-Whale 4, as a result of damage inflicted by Hurricane Katrina on the Ritz-Carlton - New Orleans, which secures a $68.2 million collateral loan.The hotel suffered significant damage during ...

Moody's Investors Service has taken the first rating action on CMBS deals that have substantial exposures to properties in areas ravaged by Hurricane Katrina.The rating agency has placed under review for possible downgrade classes from five CMBS deals. Moody's said ...

  ClassAmt$mlnSubLevel%AvgLife (yrs)RatingS&PRatingFitchRatingMoody'sFinalPricing (bp)BnchmarkA-185.0030.002.87AAAAAAAaaNAswapsA-1A318.8830.008.90AAAAAAAaaNAswapsA-2148.1030.004.88AAAAAAAaa+21swapsA-3SF366.3530.004.89AAAAAAAaa+13LiborA-4218.5030.004.93AAAAAAAaa+28swapsA-5121.0730.006.89AAAAAAAaa+30swapsA-6A218.8430.006.89AAAAAAAaa+31swapsA-6B50.0030.006.92AAAAAAAaaNAswapsA-PB176.1430.007.45AAAAAAAaa+28swapsA-7861.8130.009.80AAAAAAAaa+26swapsA-MFL100.0020.009.89AAAAAAAaaNAswapsA-MFX266.3820.009.89AAAAAAAaa+32swapsA-J274.7912.509.89AAAAAAAaa+36swapsB77.8610.3759.96AAAAAa2+44swapsC27.489.6259.98AA-AA-Aa3+47swapsD68.707.759.98AAA2+54swapsE41.226.6259.98A-A-A3+64swapsF41.225.509.98BBB+BBB+Baa1+95swapsG32.064.6259.98BBBBBBBaa2+105swapsH41.223.509.98BBB-BBB-Baa3NAswapsJ22.902.875NABB+BB+NRNAswapsK13.742.50NABBBBNRNAswapsL13.742.125NABB-BB-NRNAswapsM9.161.875NAB+B+NRNAswapsN9.161.625NABBNRNAswapsO9.161.375NAB-B-NRNAswapsP50.380.00NANRNRNRNAswapsX-P*3,531.02NA5.52AAAAAAAaaNAswapsX-C*3,663.84NA7.95AAAAAAAaaNAswaps*Notional amount, interest onlyCollateral balance: $3,663.84 millionBookrunner(s): Wachovia SecuritiesLead Managers: Wachovia SecuritiesCo-managers: Deutsche Bank, Goldman Sachs, Merrill Lynch, Nomura SecuritiesB-piece Buyer: CWCapitalMaster Servicer: Wachovia BankSpecial Servicer: CWCapital Asset ManagementTrustee: LaSalle BankOriginators: Wachovia Bank (80.2 percent), Artesia Mortgage ...

June 22, 2005 Class Amt $mln Sub Level% Avg Life (yrs) Rating Fitch Rating S&P Final Pricing (bp) Bnch mark A-1 33.89 30.00 2.73 AAA AAA +11 swaps A-1A 126.71 30.00 NA AAA AAA NA swaps A-2 223.57 30.00 4.96 ...

May 24, 2005 Fitch Ratings has upgraded seven classes of Wachovia Bank-JPMorgan Chase Bank Commercial Mortgage Trust, 2002-WHALE 1, because of improved subordination levels.The deal's collateral balance is $168 million, compared to $805.7 million at issuance.The rating agency upgraded the ...

May 19, 2005 Commercial Real Estate Direct Staff ReportCMBS spreads remained lackluster this week, as Credit Suisse First Boston priced a $1.6 billion conduit.The market has remained soft for roughly the last month, since the corporate bond market got hammered ...

May 6, 2005 Class Amt $mln Sub Level% Avg Life (yrs) Rating S&P Rating Moody's Final Pricing (bp) Bnch mark A-1 41.04 30.00 3.31 AAA Aaa +11 swaps A-1A 88.96 30.00 NA AAA Aaa NA swaps A-2 122.15 30.00 4.92 ...

The investment bank has structured its upcoming CMBS conduit with an added layer of insulation. The deal's triple-A classes now have three levels of subordination, which should make it attractive to more investors.