Five classes of Salomon Brothers Commercial Mortgage Trust commercial mortgage pass-through certificates, series 2001-MM, have been downgraded by Moody's Investors Service.The downgrades were as follows: class D, from A3 to Baa2; class G-1, from B2 to B3; class E-6, from Baa2 to Ba3; class F-6, from Ba2 to B3; and class G-6, from B2 to Caa2. In addition, Moody's upgraded one class and confirmed one class in the transaction. The rating agency said class G-1 was downgraded due to the poorer performance of the 2777 East Camelback Road Loan, while the other downgrades were due to the overall decline in property performance of Loan Group F. As of the June 20 distribution date, the transaction's aggregate balance had decreased by approximately 38.9% since securitization, the rating agency said. Moody's can be found online at http://www.moodys.com.

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