Moody's Eyes 11 CSFB CMBS Classes

Eleven classes of Credit Suisse First Boston Mortgage Securities Corp.'s commercial mortgage pass-through certificates, series 2002-TFL1, have been placed on review for possible downgrade by Moody's Investors Service.The affected classes were as follows: class F-717, class G-717, class H-717, class F-ALH, class F-COT, class G-COT, class F-WBC, class G-WBC, class H-WBC, class F-POR, and class G-POR. As of March 9, the aggregate certificate balance of the deal had decreased by approximately 13.2% to $689.1 million, Moody's said. The pooled certificates are currently collateralized by 10 mortgage loans. The rating agency said classes A through E are pooled classes, which benefit from pool diversity, while the watchlisted classes F, G, and H depend on the performance of specific loans for debt service and ultimate repayment. Moody's attributed the watchlisting to the weaker-than-expected operating performance of five loans totaling approximately 53.1% of the trust's assets -- 717 Fifth Avenue (21.0%), Alliance LHMD Multifamily Portfolio (15.9%), Cottonstar Portfolio (5.8%), Williamsburg & The Commons (6.1%), and Portland Multifamily Portfolio (4.3%). Moody's can be found online at http://www.moodys.com.