Subject: Ratings - CMBS (RATE)

February 15, 2002 NEW YORK – Moody's Investors Services has affirmed the ratings of Bear Stearns Commercial Mortgage Securities Inc., 1999-WYN1, a $307.8 million CMBS transaction backed by a loan on 21 hotels.Despite the drubbing hotel values have taken, especially ...

February 13, 2002 NEW YORK – Fitch Ratings has put nine CMBS deal on its rating watch-negative list because of their relatively high exposure to Kmart Corp.Those deals, their Kmart exposures, and the classes that were placed on watch are:– ...

February 7, 2002 CHICAGO – Fitch Ratings has withdrawn its ratings on Resolution Trust Corp.'s 1995-C2 as the deal's underlying mortgage loans and foreclosed properties have been sold and the trust terminated as a result.Certificate holders were paid in full.Comments? ...

January 29, 2002 NEW YORK – Standard & Poor's has placed its double-A rating on class A-3 of Conseco Commercial Mortgage Trust I's 1989-1 on credit watch with negative implications, due to the transaction's exposure to Kmart, which has declared ...

January 29, 2002 NEW YORK – Fitch Ratings has assigned GEMSA Loan Services LP a master servicer rating of CMS1-minus and a primary servicer rating of CPS1.GEMSA is the result of a merger that closed in August between GE Capital ...

January 29, 2002 NEW YORK – ARCap Special Servicing Inc. has received Fitch Ratings' CSS2-minus rating as a special servicer.The rating comes just weeks after ARCap received an average rating from Standard & Poor's. Fitch rates servicers on a scale ...

January 28, 2002 NEW YORK – Fitch has affirmed two CMBS deals backed in part by Lodgian properties, after reviewing the transactions because the hotel owner and operator filed for Chapter 11 Bankruptcy protection.The ratings for the following classes of ...

January 22, 2002 NEW YORK – Standard & Poor's has placed its double-A rating on the class A-3 notes of Conseco Commercial Mortgage Trust I 1989-1 on credit watch with negative implications as a result of its downgrades of Kmart ...

January 18, 2002 CHICAGO – Fitch has twice in the past two weeks downgraded CNC Pass-Through Certificates, 1994-1, as a result of its downgrades of Kmart Corp.'s corporate rating. Even though the credit-tenant lease deal's collateral balance has shrunk 32.4 ...

January 16, 2002 NEW YORK – Moody's Investors Service has confirmed its Baa3 rating for Times Square Hotel Trust, 8.523% Mortgage and Lease Amortizing Certificates – a transaction backed by a net lease on the W New York-Times Square Hotel ...