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Amendment - Fitch Rates Citigroup Commercial Mortgage Trust, Series 2006-FL2.


NEW YORK New York, state, United States
New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of
 -- (This is an amended version for a release originally issued on Nov. 14 and corrects the rating for Class C.)

Fitch rates Citigroup Commercial Mortgage Trust, Series 2006-FL2, commercial mortgage pass-through certificates Pass-Through Certificates (PTCs) are instruments that evidence the ownership of two or more Equipment Trust Certificates. In other words, Equipment Trust Certificates may be bundled into a pass-through structure as a means of diversifying the asset pool and/or increasing the size  as follows:

--$711,655,000 Class A-1 'AAA';

--$237,218,000 Class A-2 'AAA';

--$1,193,552,082 Class X-1 'AAA';

--$0 Class X-2 'AAA';

--$1,193,552,082 Class X-3 'AAA';

--$17,904,000 Class B 'AA+';

--$20,887,000 Class C 'AA+';

--$38,790,000 Class D 'AA';

--$26,855,000 Class E 'AA-';

--$26,855,000 Class F 'A+';

--$23,871,000 Class G 'A';

--$20,887,000 Class H 'A-'.

--$22,379,000 Class J 'BBB+';

--$22,380,000 Class K 'BBB';

--$23,871,082 Class L 'BBB-'.

The following are rated by Fitch and are nonpooled components of the related trust assets.

--$978,603 Class CAC-1 'BBB+';

--$670,418 Class CAC-2 'BBB';

--$779,549 Class CAC-3 'BBB-';

--$2,564,349 Class CAN-1 'BBB+';

--$3,802,021 Class CAN-2 'BBB';

--$7,455,660 Class CAN-3 'BBB-';

--$10,600,000 Class CNP-1 'BBB-'.

--$20,117,692 Class CNP-2 'BBB-';

--$5,182,308 Class CNP-3 'BB+';

--$1,000,000 Class DSG-1 'BBB-';

--$1,200,000 Class HFL HFL Healthy For Life
HFL Herbie Fully Loaded (movie)
HFL Highly Flammable Liquid
HFL Holland Florin (currency of the Netherlands; old style)
HFL Hydraulic Flying Lead (Oil & Gas) 
 'BBB-';

--$4,000,000 Class HGI-1 'BBB';

--$8,500,000 Class HGI-2 'BBB-'.

--$2,800,000 Class HMP-1 'BBB'.

--$3,300,000 Class HMP-2 'BBB-';

--$2,700,000 Class HMP-3 'BBB-';

--$6,971,100 Class MVP (Multimedia Video Processor) A high-speed DSP chip from Texas Instruments, introduced in 1994. Officially introduced as the TMS320C80, it combines RISC technology with the functionality of four DSPs on one chip.  'BBB-';

--$2,000,000 Class RAM-1 'BBB-';

--$2,400,000 Class RAM-2 'BB+';

--$6,000,000 Class WBD-1 'BBB-';

--$4,000,000 Class WBD-2 'BB+'.

All classes are privately placed pursuant to rule 144A Rule 144A

A Securities & Exchange Commission rule modifying a two-year holding period requirement on privately placed securities to permit qualified institutional buyers to trade these positions among themselves.
 of the Securities Act of 1933. The certificates represent beneficial ownership interest in the trust, primary assets of which are 16 floating rate loans having an aggregate principal balance of approximately $1,318,173,786, as of the cutoff date.

For a detailed description of Fitch's rating analysis, please see the report titled Citigroup Commercial Mortgage Trust, Series 2006 FL-2, dated October 12, 2006 and available on the Fitch Ratings Fitch Ratings

An international rating agency for financial institutions, insurance companies, and corporate, sovereign, and municipal debt. Fitch Ratings has headquarters in New York and London and is wholly owned by FIMALAC of Paris.
 web site at www.fitchratings.com.

Fitch's rating definitions and the terms of use Terms of Use are rules set up by the owner of an intellectual property or service to govern how they may be legally used.

In many cases, terms of service are used as a contractual agreement between a company and users of a service they provide.
 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 Policies and Procedures are a set of documents that describe an organization's policies for operation and the procedures necessary to fulfill the policies. They are often initiated because of some external requirement, such as environmental compliance or other governmental  are also available from the 'Code of Conduct' section of this site.
COPYRIGHT 2006 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2006, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Nov 15, 2006
Words:412
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