Subject: CMBS Rating Downgrade (DOWNG)

April 15, 2002 NEW YORK - Fitch has downgraded three classes in COMM 2000-FL2's because of the continued decline in performance of the properties of the Whitehall loan and the bleak outlook for the Atlanta suburban multifamily market.The following are ...

April 12, 2002 CHICAGO – Fitch has downgraded three classes of Merrill Lynch Mortgage Investors, 1999-C1, primarily due to additional expected losses and an increasing amount of interest shortfalls.The downgrades are as follows: the $3 million class J to single-C ...

Correction (March 22, 2001): Moody's Investors Service affirmed the Ba2 rating of the $14.3 million class E from Merrill Lynch Mortgage Investors, 1995-C2. The rating agency on Wednesday incorrectly stated its rating action, which appeared in the story below.March 20, ...

March 15, 2002 NEW YORK – Fitch Ratings has downgraded Credit Suisse First Boston Mortgage Securities Corp., 1997-C2, because of concerns it has with the performance of a large chunk of the collateral pool.The rating agency said it downgraded the ...

March 15, 2002 NEW YORK – Fitch Ratings has placed two CMBS deals on its rating watch negative list because of their weakened conditions, which are partly due to their exposure to closing Kmart Corp. stores.The two deals are GMAC ...

March 14, 2002 NEW YORK – Standard & Poor's has placed GMAC Commercial Mortgage Securities Inc., 2000-C2 on credit watch with negative implications because the deal's collateral pool contains loans on two Kmart Corp. stores that the retailer said it ...

March 13, 2002 NEW YORK – Moody's Investors Service has downgraded Nortel Networks Lease Pass-Through Trust, 2001-1, to Baa3 from Baa2 because Nortel's corporate rating had been downgraded to Baa3.The transaction is backed by leases on properties Nortel occupies. The ...

March 11, 2002 NEW YORK – Fitch has downgraded Asset Securitization Corp.'s 1997-D5 because of further deterioration of the pool due in part to exposure to Kmart.Fitch downgraded the:– $39.5 million class A-5 to triple-B from triple-B-plus;– $43.9 million class ...

February 28, 2002 CHICAGO – Fitch Ratings has downgraded four classes of Nomura Asset Securities Corp.'s 1994-MD1 and put them on rating watch negative because of two specially serviced loans in the transaction, Rolling Acres and Canton Centre, both of ...

February 12, 2002 NEW YORK – Fitch has downgraded two classes of Merrill Lynch Mortgage Investors, 1998-C1-CTL, and placed the classes on rating watch negative, due to the number of loans of concern in the deal including mortgages exposed to ...