CSFB CMBS Classes Downgraded

Seven classes of Credit Suisse First Boston Mortgage Securities Corp.'s commercial mortgage pass-through certificates, series 2001-FL2, have been downgraded by Moody's Investors Service.The downgrades were as follows: class G, from Ba1 to Ba2; class H, from Ba2 to Ba3; class J, from Ba3 to B1; class K, from B2 to B3; class L, from B3 to Caa1; class M, from Caa2 to Caa3; and class N, from Ca to C. In addition, Moody's upgraded three classes and affirmed the ratings of seven classes in the deal. The certificates are collateralized by five floating-rate mortgage loans secured by commercial and multifamily properties. The four largest loans, representing 77% of the pool, are in special servicing, and the fifth is on the master servicer's watchlist, the rating agency said. Moody's has estimated aggregate losses of approximately $19.4 million for all the specially serviced loans. Moody's can be found online at http://www.moodys.com.