Correction: Fitch Affirms Nomura Asset Sec Corp's 1996-MDV.

NEW YORK -- (This is a corrected version of a press release issued earlier today. It contains new information regarding the class CS-2 certificates.)

Fitch Ratings affirms Nomura Asset Securities Corp.'s commercial mortgage pass-through certificates, series 1996-MDV as follows:

--Interest-only class CS-2 at 'AAA';

--$6.3 million class A-4 at 'AAA';

--$11.2 million class A-5 at 'AAA';

--$48.7 million class B-1 at 'AAA';

--$33.7 million class B-2 at 'A'.

Classes A-1A, A-1B, A-1C, A-2, A-3 and S-1 are paid in full. Fitch does not rate class B-2H.

The affirmations are due to continued stable performance and amortization.

As of the December 2006 distribution date, the pool's total principal balance has been reduced by 87.1% to $100 million from $773.7 million at issuance due to the repayment of seven loans and amortization on the three remaining fixed-rate loans. The collateral consists of two fully defeased loans and one crossed pool loan secured by eight geographically diverse limited service hotel properties.

The Innkeepers Portfolio loan (22%) is collateralized by eight extended stay hotels. Although the Fitch adjusted net cash flow (NCF) for year-end (YE) 2005 has declined 17.9% since issuance, the loan benefits from amortization and low exposure at $27,000 per room. The YE 2005 debt service coverage ratio (DSCR) improved to 2.76 times (x) from 2.35x at YE 2004 and 2.41x at origination. YE 2005 revenue per available room (RevPAR) increased 6% over YE 2004. YTD September 2006 occupancy remains stable at 77.5% and RevPAR has increased 11.8% from the prior year to $81.87.

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.