Business Editors
CHICAGO--(BUSINESS WIRE)--Oct. 20, 2003
Icon Parking Systems, IPS 2003-1, commercial mortgage pass-through certificates are rated by Fitch Ratings as follows:
-- $146,360,000 class A 'AAA';
-- $206,543,400 class X-1* 'AAA';
-- $55,456,600
-- $262,000,000 class X-3* 'AAA';
-- $31,052,000 class B 'AA';
-- $28,013,000 class C 'A';
-- $39,237,000 class D 'NR';
-- $10,922,000 class E 'NR';
-- $6,416,000 class F 'NR'.
* Interest-Only
All classes are privately placed pursuant to rule 144A of the Securities Act of 1933. The certificates represent beneficial ownership interest in the trust, primary assets of which are one floating-rate loan having an aggregate principal balance of approximately $262,000,000, as of the cutoff date.
For a detailed description of Fitch's rating analysis, please see the report titled, 'Icon Parking Systems, IPS 2003-1', dated Oct. 20, 2003 and available on Fitch Ratings web site at 'www.fitchratings.com'.