S&P Correct: Prelim Rtgs Assgned to GreenwichCapital.

Business Editors

NEW YORK--(BUSINESS WIRE)--Nov. 9, 2000

Standard & Poor's assigns its preliminary ratings to Greenwich Capital Markets Inc.'s $173.0 million commercial mortgage pass-through certificates series CR 2000-ZC2 (see list).

The preliminary ratings are

The preliminary ratings reflect:

-- The terms and structure of the overall security,

-- The strength of the sponsorship,

-- The credit support provided by ZC Specialty Insurance Co. and Centre
Reinsurance (U.S.) Ltd.,

-- The liquidity provided by the servicer, and -- The overall economic
performance of the properties securing the first-mortgage lien.

Both insurers are rated double-"A" by Standard & Poor's. Based on the uninsured portion of note A only ($42.3 million), Standard & Poor's analysis determined that the properties generated a debt service coverage ratio of 2.10 times, based on a stressed refinance constant of 10.75 percent, and a loan-to-value ratio of 36.9 percent.

A copy of Standard & Poor's complete presale report for this transaction is available on RatingsDirect, Standard & Poor's Web-based credit analysis system, at www.ratingsdirect.com. The report is also available on Standard & Poor's Ratings Services Web site at www.standardandpoors.com/ratings. Under Presale Reports, select Structured Finance, then Commercial Mortgage-Backed Securities, Standard & Poor's said. -- CreditWire

PRELIMINARY RATINGS ASSIGNED

Class          Amount ($)       Rating

A-1A           28,615,471       AAA
A-AX(1)        85,812,961(2)    AAA
A-2A           9,384,529        AA+
A-3A           47,812,961       AA
A-1B           87,205,000       AA
A-BX(1)        87,205,000(2)    AA

(1)Interest-only class. (2)Notional amount.