Subject: CMBS Rating Upgrade (UPG)

Following is a list of recent downgrades by Moody's Investors Service: Deal Name Current Pool Bal. $mln Orig. Pool Bal $mln DXMark (collateral value, % of par)* Class Size $mln Moody's New Rating Moody's Old Rating Notes Wachovia Bank Commercial ...

Commercial Real Estate Direct Staff Report The $3 billion securitized mortgage on the Stuyvesant Town/Peter Cooper Village apartment property in Manhattan has been transferred to special servicing. The action was long expected, as the property has never generated sufficient cash ...

HTML clipboardFollowing is a list of recent upgrades by Moody's InvestorsService: Deal Name Current Pool Bal. $mln Orig. Pool Bal $mln DXMark (collateral value, % of par)* Class Size $mln Moody's New Rating Moody's Old Rating Reason for Rating Action ...

HTML clipboard Deal Name Current Pool Bal. $mln Orig. Pool Bal $mln Class Size $mln S&P New Rating S&P Old Rating Reason for Rating Action LB Commercial Mortgage Trust, 1998-C4 298.1 2,026.0 D 92.1 AAA AA Increased subordination; defeasance ($13.2 ...

HTML clipboard Deal Name Current Pool Bal. $mln Orig. Pool Bal $mln Class Size $mln S&P New Rating S&P Old Rating Reason for Rating Action ML-CFC Commercial Mortgage Trust, 2006-1 2,100.0 2,100. H 26.8 BBB- B+ Increased subordination Wachovia Bank ...

Deal Name Current Pool Bal. $mln Orig. Pool Bal $mln Class Size $mln Fitch New Rating Fitch Old Rating Reason for Rating Action Morgan Stanley Dean Witter Capital I Inc., 2000-LIFE1 458.0 689.0 E 17.2 AAA AA Increased subordination; defeasance ...

HTML clipboard Deal Name Current Pool Bal. $mln Orig. Pool Bal $mln Class Size $mln Moody's New Rating Moody's Old Rating Reason for Rating Action Wachovia Bank Commercial Mortgage Trust, 2004-C11 984.4 1,040.0 B 28.6 Aaa Aa1 Increased subordination; defeasance ...

Moody's Investors Service has downgraded the $32.8 million class K of Wachovia Bank Commercial Mortgage Trust, 2005-WHALE 6, to Ba3 from Ba2, because of the declining performance of an $18 million collateral loan on 230 Peachtree, a 414,768-square-foot office building ...

Moody's Investors Service has upgraded 94 classes of 44 CMBS transactions as part of its regular quantitative analysis of conduit deals.The rating agency two years ago adopted what it termed "Q Tools" to systematically evaluate investment-grade classes in certain conduit ...

Deal Name Current Pool Bal. $mln Orig. Pool Bal $mln Class Size $mln Fitch New Rating Fitch Old Rating Reason for Rating Action Bear Stearns Commercial Mortgage Securities, 1999-WF2 547.2 1080.0 E 27.0 AAA AA+ Increased subordination; defeasance ($112.7 million, ...