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RECENT NEWS

S&P CMBS UPGRADES

  Deal NameCurrentPoolBal. $mlnOrig.PoolBal $mlnClassSize$mlnS&PNewRatingS&POldRatingReason for Rating ActionLB-UBS Commercial Mortgage Trust, 2000-C4782.0999.1D12.5AAAAA+Defeasance (33 percent of pool)---E7.5AA+AA-Banc of America Large Loan Inc., 2004-BBA4104.4912.3D16.9AAAAA+Increased subordination---E16.9AAAAA----F15.5AAAAA-----G15.1AA+A----H9.4A+A--GE Commercial Mortgage Corp., 2004-C31,301.31,871.5SHP-15.0AAABBB-Full defeasance of collateral loan---SHP-210.4AAABB+----SHP-33.4AAABB+----SHP-413.4AAABB- 

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