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TEXT-S&P drops Morgan Stanley Mortgage Servicing rankings

(The following statement was released by the rating agency)

Oct 05 - Standard & Poor's Ratings Services today withdrew its ABOVE AVERAGE rankings on Morgan Stanley Mortgage Servicing Ltd. (MSMS) as a primary and special servicer of commercial mortgage loans in the U.K., and as a primary servicer of commercial mortgage loans in Germany.

The withdrawal of the rankings was made at MSMS' request. RELATED CRITERIA AND RESEARCH -- Standard & Poor's Revises Criteria Methodology For Servicer Risk Assessment, May 28, 2009 -- Servicer Evaluation Ranking Criteria: U.S., Sept. 21, 2004 -- Select Servicer List, published monthly ((Bangalore Ratings Team, Hotline: +91 80 4135 5898, Bhanu.priya@thomsonreuters.com, Group id: BangaloreRatings@thomsonreuters.com, Reuters Messaging: Bhanu.Priya.reuters.com@reuters.net))