Subject: Non-CMBS (RATEO)

April 12, 2001 NEW YORK - Fitch has removed TrizecHahn's $167.5 million senior notes for rating watch negative and returned the outlook to stable.The triple-B-minus rating of the 10.875 percent notes has been affirmed. The action was prompted by Trizec's ...

April 9, 2001 NEW YORK - Standard & Poor's raised its corporate credit rating on Liberty Property Trust and the company's operating partnership, Liberty Property LP, to triple-B from triple-B-minus.The outlook is stable. The agency also raised ratings on the ...

April 3, 2001 NEW YORK – Standard & Poor's has placed the ratings on Franchise Finance Corp. of America on credit watch with positive implications and affirmed the company's triple-B-minus corporate credit and senior unsecured notes ratings. The rating action, ...

March 28, 2001 NEW YORK – Fitch has withdrawn its rating on TriNet Mortgage Securities Trust I, commercial mortgage pass-through certificates.The certificates were paid in full on March 2.Comments? E-mail Susanna Potter, or call her at (215) 504-4288, Ext. 212.

March 22, 2001NEW YORK – Moody's Investors Service has lowered the ratings of J.C. Penney Co. because of a decline in credit fundamentals resulting from poor operating performance at its department stores and Eckerd drug stores.J.C. Penney-anchored shopping centers are ...