Subject: Ratings - CMBS (RATE)

The rating agency has placed the ratings of 14 CMBS transactions on watch for possible downgrade because each contains properties that could be without terrorism insurance in the near term.

May 31, 2002 CHICAGO – Fitch Ratings has upgraded the primary and master servicer ratings of National Cooperative Bank, FSB. It also affirmed the lender's special servicer rating of CSS2 Co-op.NCB's primary servicer rating was upgraded to CPS1-minus Co-op and ...

May 30, 2002 NEW YORK – Fitch Ratings has upgraded the primary, master and special servicer ratings of Key Commercial Mortgage.Key's primary rating went to CPS2-plus from CPS2. Its master rating went to CMS2 from CMS2-minus, and its special rating ...

May 30, 2002 NEW YORK – Moody's Investors Service has placed two lease-backed notes involving Bell Canada obligations under review for possible downgrade.The deals are Merrill Lynch Mortgage Loans Inc., 2000-BMCC, and Merrill Lynch Financial Assets Inc., 2002-BC2P, both of ...

May 16, 2002 NEW YORK – Moody's Investors Service said it was reviewing for possible downgrade the $11.6 million class F1 of Morgan Stanley Dean Witter Capital I Inc., 2000-XLF.The class is supported by a $160 million mortgage on a ...

May 3, 2002NEW YORK – Moody's Investors Service is reviewing three classes of COMM, 2000-FL2, for possible downgrade.The three classes totaling $3.9 million of balance are supported solely by the Whitehall portfolio loan, which is secured by four apartment properties ...

April 30, 2002 CHICAGO – Fitch has withdrawn its ratings on First Boston Mortgage Securities Corp., 1993-3, because class C has been paid in full.Classes A-1, A-2, B-1 and B-2 were previously paid in full. Fitch does not rate the ...

April 10, 2002 NEW YORK – Fitch has withdrawn its ratings on all classes of Westfield Portfolio Mortgage Trust, 2000-C1C, because the certificates have been paid in full.Comments? E-mail

The meeting, scheduled for April 17, was called off late last week. The BMA says an environment of hostility was not conducive to productive talks. Fitch is still pushing for industry action on the matter.

April 4, 2002 Fitch Ratings, which yesterday put Banc of America Large Loan Inc., 2001-7WTC, on its rating watch negative list, expects a replacement to 7 World Trade Center to be as much as 25 percent smaller than its original ...