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S&P CMBS UPGRADES

  Deal NameCurrentPoolBal. $mlnOrig.PoolBal $mlnClassSize$mlnS&PNewRatingS&POldRatingReason for Rating ActionFirst Union National Bank Commercial Mortgage Trust, 2001-C3619.1818.8E11.3AAAAA+Increased subordination---F12.3AA+AA----G12.3AAA+----H12.3A+A-----J18.4A-BBB+----K14.3BBBBBB--Banc of America Commercial Mortgage Inc., 2002-21,600.01,700.0E17.2AAAAA+Defeasance (34 percent of pool)---F21.6AA+AA----G21.6AAAA-----H19.4A+A----J21.6AA-----K36.6BBB+BBB----L12.9BBBBBB--GMAC Commercial Mortgage Securities Inc., 2001-C2653.0754.9D15.1AA+AAIncreased subordination; defeasance (19 percent of pool)---E9.4AAAA-----F15.1AA-A-----G10.4ABBB+----H9.4A-BBB----J23.6BBB-BB+----K5.7BB+BB----L5.7BBBB-----M11.3BB-B+----N3.8B+B----O3.8BB-----P3.8CCC+CCC-CalWest Industrial Trust,...

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