S&P Asgn CNL Commercial Mtg Loan Tr 2002-2 Prlm Rtgs

Business Wire, Nov 12, 2002

Business Editors

NEW YORK--(BUSINESS WIRE)--Standard & Poor's

Nov. 12, 2002-- Standard & Poor's Ratings Services today assigned its preliminary ratings to CNL Commercial Mortgage Loan Trust 2002-2's $150 million commercial mortgage loan notes series 2002-2 (see list).

The preliminary ratings are based on information as of Nov. 12, 2002. Subsequent information may result in the assignment of final ratings that differ from the preliminary ratings.

The preliminary ratings reflect the credit enhancement consisting of subordination, a reserve account, excess spread, and CNL Commercial Finance Inc.'s demonstrated servicing ability.

A copy of Standard & Poor's complete presale report for this transaction can be found on RatingsDirect, Standard & Poor's Web-based credit analysis system, at www.ratingsdirect.com. The presale can also be found on Standard & Poor's new Web site at www.standardandpoors.com. Select Fixed Income. Then, under Browse by Sector, select Structured Finance and find the article under Presale Credit Reports.

PRELIMINARY RATINGS ASSIGNED
CNL Commercial Mortgage Loan Trust 2002-2

Class               Rating               Amount (mil. $)
A                   AAA                            136.5
B                   A                               13.5

Standard & Poor's will conduct a telephone conference call on this transaction on Friday, Nov. 15, 2002, at 11:00 a.m. EST. To participate in this call dial: (1) 712-257-2095 about 15 minutes before the scheduled start of the call to complete the pre-registration process. The conference ID is 9445637. For more information on this teleconference, please check the Standard & Poor's "Events" Web site at www.standardandpoors.com.

Copyright 2002, Standard & Poor's Ratings Services