DLJ CMBS Classes Downgraded

Two classes of DLJ Commercial Mortgage Trust commercial mortgage pass-through certificates, series 2000-CKP1, have been downgraded by Moody's Investors Service.Class B-5 was downgraded from Caa2 to Caa3, and class B-6 was downgraded from Caa3 to Ca. Moody's also upgraded three classes and affirmed the ratings on six classes from the transaction. The downgrades were attributed to realized and expected losses from the specially serviced loans and dispersion in loan-to-value ratios. The certificates are collateralized by 196 mortgage loans, of which two, representing 0.6% of the pool, are in special servicing. Moody's said it projects aggregate losses of approximately $635,000 for the specially serviced loans. The rating agency can be found online at http://www.moodys.com.