Fitch Ratings revises the ratings of six classes of LB-UBS Commercial Mortgage Trust, series 2005-C5 as follows:

--$187.5 million class A-J to 'A/LS3' from 'BBB'; Stable Outlook;

--$20.5 million class B to 'A/LS5' from 'BBB-; Stable Outlook;

--$32.2 million class C to 'BBB/LS5' from 'BB'; Stable Outlook;

--$23.4 million class E to 'BB/LS5' from 'B'; Negative Outlook;

--$29.3 million class F to 'BB/LS5' from 'B-'; Negative Outlook;

--$26.4 million class G to 'B/LS5' from 'B-'; Negative Outlook.

The rating revisions are due to a recalculation of losses for the overall deal from 6.6% to 5.2%. Loss methodology and forecasts for individual loans remain the same. The restatement of forecasted losses for this transaction is a result of a manual error by Fitch that utilized an incorrect transaction balance. Fitch believes this is an isolated incident pertaining to this transaction.

Additional information on Fitch's criteria for analyzing recent vintage U.S. CMBS is available in the July 8, 2009 report, 'Surveillance Methodology for Recent Vintage U.S. CMBS' is available at 'www.fitchratings.com' under the following headers:

Structured Finance then CMBS then Criteria Reports

Related research: Fitch Downgrades 13 Classes of LB-UBS Commercial Mtge Trust 2005-C5; Assigns Outlooks&LS Ratings, Dec. 11, 2009 is available at 'www.fitchratings.com' under the following headers:

Structured Finance then CMBS then Multiborrower

Additional information is available at 'www.fitchratings.com'.

ALL FITCH CREDIT RATINGS ARE SUBJECT TO CERTAIN LIMITATIONS AND DISCLAIMERS. PLEASE READ THESE LIMITATIONS AND DISCLAIMERS BY FOLLOWING THIS LINK: HTTP://FITCHRATINGS.COM/UNDERSTANDINGCREDITRATINGS. IN ADDITION, RATING DEFINITIONS AND THE TERMS OF USE OF SUCH RATINGS ARE AVAILABLE ON THE AGENCY'S PUBLIC WEBSITE '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.

Contacts:

Fitch Ratings, New York
Lisa Cook, 212-908-0665
Adam Fox, 212-908-0869
or
Media Relations:
Sandro Scenga, 212-908-0278
Email: sandro.scenga@fitchratings.com

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