Three classes of Salomon Brothers Mortgage Securities VII Inc. CDC Securitization Corp.'s series 2001 CDC deal have been downgraded by Fitch Ratings.The downgrades were as follows: class C, from A to A-minus; class D, from A-minus to BBB-plus; and class G-DS, from BBB-minus to BB-plus. In addition, the ratings on 11 classes in the deal were affirmed and one other was placed on Rating Watch Evolving. Fitch attributed the downgrades to an anticipated loss in the GF Hotel Portfolio, representing 20.3% of the pool, and a decline in credit quality of the Divco-SVP loan, representing 38.6%. The GF Hotel Portfolio is being liquidated by the special servicer, Midland Loan Services Inc., Fitch said. The rating agency can be found online at http://www.fitchratings.com.

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