JPMorgan CMBS Classes Downgraded

Seven classes of J.P. Morgan Chase Commercial Mortgage Securities Trust commercial mortgage pass-through certificates, series 2007-FL1, have been downgraded by Moody's Investors Service. The downgrades were as follows: class RS-1, from Aa3 to Ba1; class RS-2, from A1 to Ba2; class RS-3, from A2 to Ba3; class RS-4, from A3 to B1; class RS-5, from Baa1 to B2; class RS-6, from Baa2 to B3; and class RS-7, from Baa3 to Caa1. The downgrades were due to a recent decline in the Resorts International Portfolio's cash flow, Moody's said. The rating agency can be found online at http://www.moodys.com.