Fitch Affirms 4 Classes of Salomon Brothers 2000-NL1

Business Wire, Sept 6, 2007

NEW YORK -- Fitch has affirmed the following Salomon Brothers Mortgage Securities VII, Inc.'s commercial mortgage pass-through certificates, series 2000-NL1:

-- Interest-only class X at 'AAA';

-- $2.7 million class J at 'AAA';

-- $8.4 million class K at 'AA';

-- $3.3 million class L at 'BB-'.

Fitch does not rate the $3.0 million class M certificates. Classes A-1, A-2, B, C, D, E, F, G and H have been paid in full.

Although credit enhancement levels have increased since Fitch's last rating action, affirmations are warranted due to increasing loan concentration. As of the August 2007 distribution date, the pool's aggregate certificate balance has decreased 94.8% to $17.3 million from $334.2 million at issuance.

Currently there are nine loans remaining in the pool, including two defeased loans (37.9%), compared to a total of seventy at issuance. There are no delinquent or specially serviced loans.

None of the loans have lockout provisions, and, as such, the deal is expected to continue to pay down. Currently, 91.7% matures in 2008.

Fitch's rating definitions and the terms of use of such ratings are available on the agency's public site, www.fitchratings.com. Published ratings, criteria and methodologies are available from this site, at all times. Fitch's code of conduct, confidentiality, conflicts of interest, affiliate firewall, compliance and other relevant policies and procedures are also available from the 'Code of Conduct' section of this site.