Subject: Non-CMBS (RATEO)

July 30, 2002 NEW YORK – Fitch has upgraded iStar Financial's (NYSE:SFI) senior unsecured credit rating to triple-B-minus from double-B-plus.Comments? E-mail Christina Caprio, or call her at (267) 247-0112, Ext. 214.

July 30, 2002 NEW YORK – Fitch Ratings has given Bank of America a CSS2-minus rating as a special servicer for large loans.The rating is a new one for BofA and allows it to be special servicer on CMBS transactions ...

July 29, 2002 CHICAGO – Fitch Ratings has downgraded the primary and special servicer ratings of BNY Asset Solutions because of the high turnover of employees at the New York firm.The rating agency downgraded BNY's primary rating to CPS3 from ...

July 9, 2002 NEW YORK – Standard & Poor's has raised its rating on Senior Housing Properties Trust's $250 million of senior unsecured notes because of the company's reduced encumbrance level.The 8.625 percent notes were raised to double-B-plus from double-B.Initially, ...

June 21, 2002 NEW YORK – Standard & Poor's has downgraded the corporate credit rating of Taubman Centers Inc. (NYSE:TCO) and its affiliated operating partnership to double-B-plus from triple-B-minus.In addition, the agency lowered Taubman's $200 million of preferred stock to ...

May 23, 2002 CHICAGO – Fitch Ratings has upgraded Prudential Asset Resources' primary servicer rating to CPS3+ from CPS3. In addition, it gave the Prudential Financial unit a master servicer rating of CMS3.Last month, Fitch gave Prudential a special servicer ...

May 7, 2002 NEW YORK – Standard & Poor's has affirmed its strong commercial master and primary servicer ranking for Wachovia Bank as well as its above average commercial special servicer ranking for the bank.A story published last week did ...

In a surprising move, S&P has downgraded GMAC's master and primary servicer rankings to above average, its second highest ranking. GMAC is the mortgage industry's dominant player, with a portfolio of more than $100 billion.

April 3, 2002 NEW YORK – Standard & Poor's has lowered its corporate credit rating on National Office Partners LP because of a revised leverage policy and its expected negative impact on very strong debt coverage measures.S&P is also concerned ...

In an effort to help investors determine the quality and track record of real estate funds, Moody's has launched a rating service. It has already been tapped to rate seven German funds and is pitching the service to U.S. sponsors.