JPMorgan CMBS Classes Downgraded

Seven classes of J.P. Morgan Chase Commercial Mortgage Securities Corp. pass-through certificates, series 2007-FL1, have been downgraded by Fitch Ratings and removed from Rating Watch Negative. The downgrades were as follows: class RS-1 from AA-minus to BB-plus; class RS-2, from A-plus to BB; class RS-3, from A to BB-minus; class RS-4, from A-minus to B-plus; class RS-5, from BBB-plus to B; class RS-6, from BBB to B-minus; and class RS-7, from BBB-minus to B-minus. In addition, Fitch affirmed the ratings on 14 other classes in the transaction. The downgrades, which affect the rake classes of the Resorts International loan, stem from a "review of updated financial information, in addition to an analysis of the overall Atlantic City gaming market fundamentals and performance," the rating agency said. Moody's can be found online at http://www.moodys.com.