Subject: Ratings - CMBS (RATE)

October 21, 2002 Fitch Ratings has assigned to First National Financial Corp. acceptable commercial servicer ratings for primary and master servicing.The total CMBS portfolio that FNFC is primary servicing totals about C$650 million (US$415 million). FNFC also acts as primary/master/special ...

S&P rated 84 percent of all domestic CMBS deals through the first nine months of the year. Moody's, which dominated in the first quarter, ranked second through the nine-months period, while Fitch has steadily been increasing its share of the ...

October 3, 2002Fitch Ratings has placed the triple-B classes of 1211 Avenue of the Americas Trust, 2000-1211, on its rating watch negative list because special servicing fees have resulted in interest shortfalls.The $300 million transaction is backed by 1211 Avenue ...

October 2, 2002 Moody's Investors Service has placed two CMBS deals involving triple net leases guaranteed by BellSouth Telecommunications Inc. on its watchlist for possible downgrade.The move follows the placement by the rating agency of BellSouth's corporate ratings on its ...

September 30, 2002 Morgan Stanley Dean Witter is out with the latest European Loan Conduit (ELOC No. 11), issued by an entity known as Feronia.The 331.3 million pound (US$519.2 million) deal is backed by 17 fixed-rate loans originated by Morgan ...

September 26, 2002 NEW YORK – Fitch Ratings has affirmed and removed from rating watch negative classes A-1 and A-2 of 1633 Broadway Trust, a deal backed by the first mortgage on the leasehold interest in 1633 Broadway in New ...

September 26, 2002NEW YORK – Standard & Poor's has lowered its rating on Nortel Networks Lease Pass-Through Trust, 2001-1, to single-B from double-B-minus. The outlook remains negative.The downgrade is due to Nortel's corporate rating, which also was lowered to single-B ...

September 25, 2002 Fitch Ratings said that it has decided to keep Banc of America Large Loan Inc., 2001-7WTC, on its rating watch negative list because of the probability that proceeds from the insurance policies that covered the deal's collateral, ...

September 17, 2002 Fitch Ratings has removed 1301 Avenue of the Americas Trust, 2000-1301, from its Rating Watch Negative list because it has sufficient terrorism insurance. The rating agency also affirmed the triple-A ratings of the deal's $27.8 million class ...

September 16, 2002 Fitch Ratings has upgraded Pacific Life Insurance Co.'s primary servicer rating to CPS1 from CPS1-minus. It also affirmed the company's master and special servicer ratings of CMS2 and CSS2, respectively.Fitch said the upgrade reflected Pac Life's quality ...