CDC Commercial Mortgage Trust 2002-FX1 Rated By Fitch Ratings.

Business Editors

CDC Commercial Mortgage Trust 2002-FX1 commercial mortgage pass-through certificates, series 2002-FX1, are rated by Fitch Ratings as follows:

--$178,000,000 class A-1 'AAA';

--$304,897,000 class A-2 'AAA';

--$637,487,900 class X-CL 'AAA';

--$481,969,036 class X-CP 'AAA';

--$25,499,000 class B 'AA';

--$9,562,000 class C 'AA-';

--$20,719,000 class D 'A';

--$7,968,000 class E 'A-';

--$7,969,000 class F 'BBB+';

--$12,750,000 class G 'BBB';

--$9,562,000 class H 'BBB-';

--$14,344,000 class J 'NR';

--$12,749,000 class K 'NR';

--$6,375,000 class L 'NR';

--$4,781,000 class M 'NR';

--$3,985,000 class N 'NR';

--$3,187,000 class P 'NR';

--$15,140,900 class Q 'NR'.

Classes X-CL and X-CP are interest only classes. Classes F, G, H, J, K, L, M, N, P, Q, X-CL, and X-CP 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 56 fixed-rate seasoned loans on 68 commercial and multifamily properties having an aggregate principal balance of approximately $637,487,900, as of the cutoff date.

For a detailed description of Fitch's rating analysis, please see the report titled 'CDC Commercial Mortgage Trust 2002-FX-1' dated June 13, 2002, available on the Fitch Ratings web site at 'www.fitchratings.com'.