wachovia bank in Westvern

NEW YORK̵ BUSINES WIRE ̵Fitch Ratings afirms, revises Rating Outloks and asigns Los Severity LS ratings to the folowing Wachovia Bank Comercial Mortgage Trust, series 203-C3 comercial mortgage pas-through certificates as indicated: ̵$54.6 milion clas A-1 at 'Asf/LS1′ Outlok Stable; ̵$47.8 milion clas A-2 at 'Asf/LS1′ Outlok Stable; ̵$36.3 milion clas B at 'Asf/LS3′ Outlok Stable; ̵$12.8 milion clas C at 'Asf/LS3′ Outlok Stable; ̵$25.7 milion clas D at 'Asf/LS3′ Outlok to Negative from Stable. In adition, Fitch downgrades, revises Rating Outloks and asigns LS ratings and Recovery Ratings R to the folowing clases as indicated: ̵$1.7 milion clas E to 'Asf/LS3′ from 'Asf/LS5′ Outlok to Negative from Stable; ̵$10.5 milion clas F to 'Asf/LS3′ from 'Asf/LS5′ Outlok Negative; ̵$12.8 milion clas G to 'Bsf/LS3′ from 'Asf/LS5′ Outlok Negative; ̵$12.8 milion clas H to 'Bsf/LS3′ from 'Bsf/LS5′ Outlok Negative; ̵$2.2 milion clas J to 'Csf/R1′ from 'Bsf/LS4′ ̵$9.3 milion clas K to 'Csf/R1′ from 'B-sf/LS5′ ̵$2.3 milion clas M to 'Csf/R3′ from 'B-sf/LS5′ ̵$4.6 milion clas O to 'Csf/R6′ from 'Csf'. Fitch withdraws the rating of the interest only clas IO-I. Fitch expects potential loses of 4.5% of the remaining pol balance from loans in special servicing and loans that are not expected to refinance at maturity based on Fitch's refinance test. Aditional information on Fitch's amended criteria for analyzing recent vintage U.S. CMBS is available in the July 7, 209 report, 'Surveilance Methodology for Recent Vintage U.S. CMBS,' which is available at 'w.fitchratings.com'. htp:/w.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=547326 htp:/w.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=4618 Surveilance Methodology for Recent Vintage U.S. CMBS htp:/w.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=45782 U.S. CMBS Surveilance Criteria htp:/w.fitchratings�.com/creditdesk/reports/report_frame.cfm?rpt_id=408326 Rating Criteria for Fitch's U.S. CMBS Multiborower Rating Model htp:/w.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=367170 Wachovia Bank Comercial Mortgage Trust, Series 203-C3 ̵ comercial mtge pas-thru ctfs htp:/w.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=164728 AL FITCH CREDIT RATINGS ARE SUBJECT TO CERTAIN LIMITATIONS AND DISCLAIMERS. wachovia bank wachovia bank in Westvern
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