Fitch SMARTView: 34 U.S. CMBS Deals Placed 'Under Analysis'

NEW YORK--(Business Wire)--
Fitch Ratings has placed 34 of its U.S.CMBS deals 'Under
Analysis', indicating that Fitch will be issuing a rating action
within 30 days. SMARTView is Fitch's ongoing monthly surveillance
process, with the 'Under Analysis' designation given to those deals
which Fitch plans to further analyze over the next month. Of the 467
Fitch rated U.S. CMBS transactions, 433 U.S. CMBS deals were
designated with a SMARTView date of July 31, 2008, indicating that no
in depth review is necessary.

As Fitch receives monthly information on structured finance
transactions from trustees and servicers, Fitch analysts run the data
through various internal algorithms that identify classes of a
transaction as possible candidates for upgrade or downgrade. Fitch's
analysts scrutinize the output to decide which deals need an in depth
review, which are classified as 'under analysis', and those deals with
no significant changes, which can be given a SMARTView date.

Eighteen of the 34 transactions were designated as 'Under
Analysis' to provide updated commentary to the market, as Fitch aims
to perform an in-depth review on each transaction annually, and were
not identified as possible upgrade or downgrade candidates.

To review a list of deals 'Under Analysis', use the following
link: www.fitchratings.com/smartview

SMARTView is available on the Fitch Ratings web site at
www.fitchratings.com, along with the report titled 'SMARTView, Fitch
U.S. Structured Finance Monthly Public Reviews'.

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
Adam Fox, 212-908-0869, New York
Britt Johnson, 312-606-2341, Chicago
or
Media Relations:
Sandro Scenga, 212-908-0278, New York

Copyright Business Wire 2008