Fitch Affirms Wachovia Bank Commercial Mortgage Trust, Series 2005-C20

CHICAGO--(Business Wire)--Fitch Ratings affirms the following classes of Wachovia Bank
Commercial Mortgage Trust, Series 2005-C20, commercial mortgage
pass-through certificates as follows:

--$ 303.4 Million class A-3SF at 'AAA';

--$ 218.5 Million class A-4 at 'AAA';

--$ 121.1 Million class A-5 at 'AAA';

--$ 218.8 Million class A-6A at 'AAA';

--$ 50.0 Million class A-6B at 'AAA';

--$ 176.1 Million class A-PB at 'AAA';

--$ 861.8 Million class A-7 at 'AAA';

--$ 315.3 Million class A-1A at 'AAA';

--$ 100.0 Million class A-MFL at 'AAA';

--$ 266.4 Million class A-MFX at 'AAA';

--$ 274.8 Million class A-J at 'AAA';

--Interest-only class X-P at 'AAA';

--Interest-only class X-C at 'AAA';

--$ 77.9 Million class B at 'AA';

--$ 27.5 Million class C at 'AA-';

--$ 68.7 Million class D at 'A';

--$ 41.2 Million class E at 'A-';

--$ 41.2 Million class F at 'BBB+';

--$ 32.1 Million class G at 'BBB';

--$ 41.2 Million class H at 'BBB-';

--$ 22.9 Million class J at 'BB+';

--$ 13.7 Million class K at 'BB';

--$ 13.7 Million class L at 'BB-';

--$ 9.2 Million class M at 'B+';

--$ 9.2 Million class N at 'B';

--$ 9.2 Million class O at 'B-';

The $50.4 million Class P is not rated by Fitch. Classes A-1 and
A-2 have paid in full.

The rating affirmations are the result of stable performance and
minimal paydown since issuance. As of the December 2007 remittance
report, the transaction has paid down 8.2% to $3.36 billion from $3.66
billion at issuance.

There are currently no delinquent or specially serviced loans in
the transaction.

Five loans, Americas Mart (5.9%), 60 Hudson Street (4.8%),
Westfield San Francisco Centre (1.8%), 101 Avenue of the Americas
(1.7%), and JCS Studios (0.6%) maintain investment grade shadow
ratings due to stable performance since issuance.

Americas Mart, a 4.1 million square foot (sf) merchandise mart
property in Atlanta, GA, was 100% occupied as of September 2007
compared to 95.9% at issuance. 60 Hudson Street, a 1.1 million sf
office property located in New York City was 77% occupied as of June
2007, compared to 78.8% at issuance. Westfield San Francisco Centre, a
498,103 sf regional mall located in San Francisco, CA, was 93.9%
occupied as of December 2006, compared to 99.2% at issuance. 101
Avenue of the Americas, a 411,097 sf office property located in New
York, was 100% occupied as of September 2007 and JCS Studios, a 95,870
sf industrial property located in Brooklyn, NY was 100% occupied as of
June 2007, both unchanged from issuance.

Fitch's rating definitions and the terms of use of such ratings
are available on the agency's public site, www.fitchratings.com.
Published ratings, criteria and methodologies are available from this
site, at all times. Fitch's code of conduct, confidentiality,
conflicts of interest, affiliate firewall, compliance and other
relevant policies and procedures are also available from the 'Code of
Conduct' section of this site.

Fitch Ratings, Chicago
Greg Sorg, 312-368-5432
Britt Johnson, 312-606-2341
or
Media Relations:
Sandro Scenga, 212-908-0278, New York

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