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Related Issuers
Artesia Mortgage CMBS 1998-C1
Banc of America Commercial Mortgage Inc. 2000-2
Banc of America Commercial Mortgage Inc. Commercial Mortgage Pass-Through Certificates, Series 2001-1
Banc of America Commercial Mortgage Inc. Series 2001-PB1
Bear Stearns Commercial Mortgage Securities Inc 1998-C1
Bear Stearns Commercial Mortgage Securities Inc 1999-C1
CASC Commercial Mortgage Trust 1998-D7
COMM 1999-1
Commercial Mortgage Asset Trust 1999-C1
Credit Suisse First Boston Mortgage Securities Corp. Commercial Mortgage Pass-Through Certificates, Series 2003-CK2
CS First Boston Mortgage Securities Corp 2001-CF2
CS First Boston Mortgage Securities Corp 2001-CK1
CS First Boston Mortgage Securities Corp 2001-CK3
CS First Boston Mortgage Securities Corp 2001-CKN5
CSFB Commercial Mortgage Trust 2002-CKS4
CSFB Commercial Mortgage Trust 2002-CP3
CSFB Mortgage Securities Corp. Commercial Mtge Pass-Through Ctfs. 2003-C3
First Union National Bank - Bank of America, N.A. Commercial Mortgage Pass-Through Certificates Series 2001-C1
First Union National Bank Commercial Mortgage Trust Pass-Through Certificates, Series 2001-C4
First Union National Bank Commercial Mortgage Trust, Commercial Mortgage Pass-Through Certificates, Series 2001-C2
First Union National Bank-Chase Manhattan Bank Commercial Mortgage Trust 1999-C2
First Union-Lehman Brothers-Bank of America 1998-C2
GE Capital Commercial Mortgage Corp., Series 2001-1
GE Capital Commercial Mortgage Corporation Pass-Through Certificates, Series 2001-2
GE Commercial Mortgage Corporation Pass-Through Certificates, Series 2002-1
GMAC Commercial Mortgage Securities, Inc. 2002-C1
GMAC Commercial Mortgage Securities, Inc. Series 2002-C2 Mortgage Pass-Through Certificates
Greenwich Capital Commercial Funding Corp. Commercial Mortgage Pass-Through Certificates, Series 2002-C1
GS Mortgage Securities Corporation II 1999-C1
Heller Financial Commercial Mortgage Asset Corp. 2000 PH-1
IMPAC Commercial Holdings CMB Trust 1998-C1
J.P. Morgan Chase Commercial Mortgage Securities Corp. Commercial Mortgage Pass-Through Certificates, Series 2002-C1
J.P. Morgan Chase Commercial Mortgage Securities Corp. Series 2003-CIBC6
J.P. Morgan Chase Commercial Mortgage Securities Corp. Series 2003-LN1
J.P. Morgan Chase Commercial Mortgage Securities Corp. Series 2003-ML1
LB-UBS Commercial Mortgage Trust 2000-C5
Merrill Lynch Mortgage Trust Commercial Mortgage Pass-Through Certificates, Series 2002-MW1
Morgan Stanley Dean Witter Capital I Inc. Commercial Mortgage Pass-Through Certificates, Series 2001-TOP3
Mortgage Capital Funding Inc 1998-MC3
NationsLink Funding Corporation 1998-1
NationsLink Funding Corporation 1999-1
Paine Webber Mortgage Acceptance Corporation V 1999-C1
PNC Mortgage Acceptance Corp. Commercial Mortgage Pass-Through Certificates, Series 2000-C1
PNC Mortgage Acceptance Corp., Commercial Mortgage Pass-Through Certificates, Series 2000-C2
Prudential Securities Secured Financing Corporation 1998-C1
Prudential Securities Secured Financing Corporation 1999-C2
Prudential Securities Secured Financing Corporation 1999-NRF1
Prudential Securities Secured Financing Corporation, Series KEY 2000-C1
Salomon Brothers Commercial Mortgage Trust 2000-C3
Salomon Brothers Commercial Mortgage Trust 2001-C2
Wachovia Bank Commercial Mortgage Trust 2003-C6
Rating Action:

Moody's Investors Service Upgrades 100 Classes of 51 Securitizations

09 Jul 2007
Moody's Investors Service Upgrades 100 Classes of 51 Securitizations

Approximately $2.38 Billion of Structured Securities Affected

New York, July 09, 2007 -- Moody's Investors Service is upgrading 100 classes of 51 CMBS securitizations as follows:

Artesia Mortgage CMBS, Inc., Series 1998-C1

-Class F, $8,413,000, upgraded to A2 from Baa3

Bear Stearns Commercial Mortgage Securities, Inc., Series 1998-C1

-Class D, $32,163,260, upgraded to A1 from A2

-Class E, $8,934,239, upgraded to Baa2 from Baa3

CASC (CAPCO) Commercial Mortgage Trust, Series 1998-D7

-Class A-4, $59,166,838, upgraded to Aaa from Aa1

-Class A-5, $21,798,308, upgraded to Aa2 from Aa3

First Union-Lehman Brothers-Bank of America Commercial Mortgage Trust, Series 1998-C2

-Class E, $68,161,000, upgraded to Aaa from Aa1

-Class F, $51,121,000, upgraded to Aa3 from A1

IMPAC CMB Trust 1998-C1

-Class F, $18,271,000, upgraded to A3 from Baa1

Mortgage Capital Funding, Inc., Series 1998-MC3

-Class D, $61,301,000, upgraded to Aaa from Aa3

-Class E, $29,515,000, upgraded to A1 from Baa1

NationsLink Funding Corporation, Series 1998-1

-Class E, $25,515,013, upgraded to Aaa from Aa2

Prudential Securities Secured Financing Corp., Series 1998-C1

-Class F, $25,848,000, upgraded to Aaa from Aa2

-Class H, $8,617,000, upgraded to Baa1 from Baa2

Bear Stearns Commercial Mortgage Securities Inc., Series 1999-C1

-Class D, $21,510,179, upgraded to A1 from A2

-Class E, $5,975,050, upgraded to A3 from Baa1

COMM 1999-1

-Class E, $81,947,000, upgraded to Aa2 from A1

-Class F, $19,668,000, upgraded to A2 from A3

Commercial Mortgage Asset Trust, Series 1999-C1

-Class D, $136,562,000, upgraded to Aa1 from A1

-Class E, $35,625,000, upgraded to A1 from A3

First Union National Bank-Chase Manhattan Bank Commercial Mortgage Trust, Series 1999-C2

-Class F, $17,722,535, upgraded to Aa1 from Aa2

GS Mortgage Securities Corporation II, Series 1999-C1

-Class E, $13,359,000, upgraded to Aaa from Aa1

NationsLink Funding Corporation, Series 1999-1

-Class E, $33,608,999, upgraded to Aaa from Aa2

Paine Webber Mortgage Acceptance Corporation V, Series 1999-C1

-Class D, $33,476,000, upgraded to Aaa from Aa3

-Class E, $8,809,000, upgraded to Aa3 from A2

Prudential Securities Secured Financing Corporation, Series 1999-C2

-Class F, $15,213,000, upgraded to Aaa from Aa2

-Class G, $15,213,000, upgraded to Aa3 from A2

Prudential Securities Secured Financing Corporation, Series 1999-NRF1

-Class D, $46,447,000, upgraded to Aaa from Aa1

-Class E, $13,935,000, upgraded to Aa1 from Aa3

Banc of America Commercial Mortgage Inc., Series 2000-2

-Class D, $17,795,938, upgraded to Aaa from Aa1

-Class E, $8,897,968, upgraded to Aaa from Aa2

-Class F, $11,122,461, upgraded to Aa3 from A1

Heller Financial Commercial Mortgage Asset Corp., Series 2000 PH-1

-Class E, $35,885,000, upgraded to Aa1 from Aa2

-Class F, $14,354,000, upgraded to Aa3 from A1

LB-UBS Commercial Mortgage Trust 2000-C5

-Class C, $44,873,000, upgraded to Aaa from Aa1

PNC Mortgage Acceptance Corp., Series 2000-C1

-Class D, $10,014,000, upgraded to Aaa from Aa1

-Class E, $26,036,000, upgraded to Aa3 from A2

PNC Mortgage Acceptance Corp., Series 2000-C2

-Class D, $13,452,000, upgraded to Aaa from Aa2

-Class E, $13,451,000, upgraded to Aa2 from Aa3

-Class F, $18,831,000, upgraded to A2 from A3

Prudential Securities Secured Financing Corporation, Series Key 2000-C1

-Class C, $40,815,000, upgraded to Aaa from Aa1

-Class D, $10,203,000, upgraded to Aaa from Aa2

-Class E, $10,203,000, upgraded to Aa2 from Aa3

Salomon Brothers Commercial Mortgage Trust 2000-C3

-Class C, $36,586,000, upgraded to Aaa from Aa1

-Class D, $13,720,000, upgraded to Aa1 from Aa2

-Class E, $13,720,000, upgraded to Aa3 from A1

Banc of America Commercial Mortgage Inc., Series 2001-1

-Class C, $21,345,985, upgraded to Aa1 from Aa2

Banc of America Commercial Mortgage Inc., Series 2001-PB1

-Class E, $18,765,664, upgraded to Aa1 from Aa2

Credit Suisse First Boston Mortgage Securities Corp., Series 2001-CF2

-Class C, $49,271,000, upgraded to Aa3 from A2

-Class D, $10,949,000, upgraded to A2 from A3

Credit Suisse First Boston Mortgage Securities Corp., Series 2001-CK1

-Class C, $45,441,000, upgraded to Aa1 from Aa2

Credit Suisse First Boston Mortgage Securities Corp., Series 2001-CK3

-Class D, $11,268,000, upgraded to Aaa from Aa1

Credit Suisse First Boston Mortgage Securities Corp., Series 2001-CKN5

-Class C, $18,773,000, upgraded to Aaa from Aa1

-Class D, $24,138,000, upgraded to Aa2 from A1

-Class E, $10,728,000, upgraded to Aa3 from A2

-Class F, $13,410,000, upgraded to A3 from Baa1

First Union National Bank-Bank of America, N.A. Commercial Mortgage Trust, Series 2001-C1

-Class C, $26,166,000, upgraded to Aaa from Aa3

-Class D, $26,165,000, upgraded to Aa2 from A2

-Class E, $16,354,000, upgraded to A1 from A3

-Class F, $13,082,000, upgraded to A3 from Baa1

First Union National Bank Commercial Mortgage Trust, Series 2001-C2

-Class F, $10,015,000, upgraded to Aaa from Aa1

-Class G, $15,023,000, upgraded to Aa2 from Aa3

-Class H, $17,527,000, upgraded to A2 from A3

First Union National Bank Commercial Mortgage Trust, Series 2001-C4

-Class F, $12,232,000, upgraded to Aaa from Aa1

-Class G, $12,232,000, upgraded to Aaa from Aa2

-Class H, $17,125,000, upgraded to Aa3 from A1

GE Capital Commercial Mortgage Corporation, Series 2001-1

-Class C, $49,390,000, upgraded to Aa1 from Aa2

-Class D, $15,523,000, upgraded to Aa2 from Aa3

-Class E, $15,522,000, upgraded to A1 from A2

-Class F, $15,523,000, upgraded to A3 from Baa1

GE Capital Commercial Mortgage Corporation, Series 2001-2

-Class C, $45,129,000, upgraded to Aa1 from A1

-Class D, $12,537,000, upgraded to Aa3 from A2

-Class E, $10,028,000, upgraded to A2 from A3

Morgan Stanley Dean Witter Capital I Trust 2001-TOP3

-Class B, $30,843,000, upgraded to Aaa from Aa1

Salomon Brothers Commercial Mortgage Trust 2001-C2

-Class D, $27,022,000, upgraded to Aa1 from Aa2

Credit Suisse First Boston Mortgage Securities Corp., Series 2002-CKS4

-Class C, $18,429,000, upgraded to Aaa from Aa1

-Class D, $30,714,000, upgraded to Aa3 from A1

-Class E, $16,893,000, upgraded to A1 from A2

Credit Suisse First Boston Mortgage Securities Corp., Series 2002-CP3

-Class C, $40,307,000, upgraded to Aa1 from Aa2

-Class D, $8,957,000, upgraded to Aa2 from Aa3

GE Capital Commercial Mortgage Corp., Series 2002-1

-Class C, $22,070,000, upgraded to Aaa from Aa2

-Class D, $16,877,000, upgraded to Aa2 from A2

-Class E, $10,385,000, upgraded to Aa3 from A3

-Class F, $12,983,000, upgraded to A2 from Baa1

GMAC Commercial Mortgage Securities, Inc., Series 2002-C1

-Class D, $15,977,000, upgraded to Aaa from Aa1

GMAC Commercial Mortgage Securities, Inc., Series 2002-C2

-Class D, $23,053,000, upgraded to Aaa from Aa1

-Class E, $7,376,000, upgraded to Aa2 from Aa3

Greenwich Capital , Series 2002-C1

-Class F, $15,990,000, upgraded to Aa1 from Aa2

-Class G, $15,989,000, upgraded to Aa3 from A1

J.P. Morgan Chase Commercial Mortgage Securities Corp., Series 2002-C1

-Class C, $34,708,000, upgraded to Aa1 from Aa2

Merrill Lynch Mortgage Trust, Series 2002-MW1

-Class D, $10,826,000, upgraded to Aa2 from Aa3

Credit Suisse First Boston Mortgage Securities Corp., Series 2003-C3

-Class C, $19,405,000, upgraded to Aa1 from Aa2

Credit Suisse First Boston Mortgage Securities Corp., Series 2003-CK2

-Class D, $29,647,000, upgraded to Aa1 from Aa2

-Class E, $12,353,000, upgraded to Aa2 from Aa3

J.P. Morgan Chase Commercial Mortgage Securities Corp., Series 2003-CIBC6

-Class B, $31,189,000, upgraded to Aaa from Aa1

J.P. Morgan Chase Commercial Mortgage Securities Corp., Series 2003-LN1

-Class B, $34,547,000, upgraded to Aaa from Aa1

J.P. Morgan Chase Commercial Mortgage Securities Corp., Series 2003-ML1

-Class C, $10,461,000, upgraded to Aaa from Aa1

-Class D, $22,083,000, upgraded to Aa2 from Aa3

Wachovia Bank Commercial Mortgage Trust, Series 2003-C6

-Class C, $13,101,000, upgraded to Aaa from Aa1

-Class D, $25,010,000, upgraded to Aa3 from A1

-Class E, $14,292,000, upgraded to A1 from A2

Moody's Investors Service has used its quantitative ("Q") tools, including Moody's Commercial Mortgage Metrics (CMM™) and Moody's Surveillance Trend (MOST™) Scores to conduct a portfolio wide review to identify CMBS transactions with significant changes to their credit profile since their last comprehensive review. Moody's quantitative approach supplements but does not replace our conventional approach of detailed transactional analysis. Significant amortization buildup, pay downs and defeasance have helped boost the credit profile of the above referenced classes, resulting in the upgrades.

The affected transactions passed a set of six filters to be qualified for Q tool based upgrades, which are discussed in detail in "US CMBS: Q Tool Based Portfolio Review Results in Numerous Upgrades, August 2, 2006", which is available on moodys.com. Moody's will continue to utilize Q tools periodically in order to effectively identify and respond to those securitizations with a significant shift in credit profile.

New York
Cedric Philipp
Managing Director
Structured Finance Group
Moody's Investors Service
JOURNALISTS: 212-553-0376
SUBSCRIBERS: 212-553-1653

New York
Pamela Dent
Senior Vice President
Structured Finance Group
Moody's Investors Service
JOURNALISTS: 212-553-0376
SUBSCRIBERS: 212-553-1653

No Related Data.
© 2019 Moody’s Corporation, Moody’s Investors Service, Inc., Moody’s Analytics, Inc. and/or their licensors and affiliates (collectively, “MOODY’S”). All rights reserved.

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