UBS Commercial Mortgage Trust 2007-FL1, commercial mortgage pass-through certificates are rated by Fitch Ratings as follows:
--$928,278,000 class A-1 'AAA';
--$309,526,000 class A-2 'AAA';
--$1,553,719,358 class X 'AAA';
--$57,309,000 class B 'AA+';
--$31,074,000 class C 'AA';
--$27,190,000 class D 'AA-';
--$27,191,000 class E 'A+';
--$27,190,000 class F 'A';
--$27,190,000 class G 'A-';
--$29,132,000 class H 'BBB+';
--$27,190,000 class J 'BBB';
--$27,190,000 class K 'BBB-';
--$34,959,358 class L 'BBB-'.
The following are rated by Fitch and are nonpooled components of the related trust assets:
--$6,700,000 class M-MP 'BBB+';
--$7,000,000 class N-MP 'BBB';
--$16,300,000 class O-MP 'BBB-';
--$5,000,000 class O-HW 'BBB-';
--$1,900,000 class O-MD 'BBB-';
--$4,500,000 class O-WC 'BBB-';
--$3,000,000 class O-BH 'BBB-'.
All classes are privately placed pursuant to Rule 144A of the Securities Act of 1933. The certificates represent beneficial ownership interest in the trust, primary assets of which are 27 fixed- or floating-rate loans having an aggregate principal balance of approximately $1,601,619,358, as of the cutoff date.
For a detailed description of Fitch's rating analysis, please see the report titled 'UBS Commercial Mortgage Trust 2007-FL1', dated Dec. 4, 2007 and available on the Fitch Ratings web site at www.fitchratings.com.
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.
