Correction: Fitch Rates CapitalSource Commercial Loan Trust 2004-1.

NEW YORK -- This is an amended version of a press release issued earlier today and contains revised legal maturity date information for the newly assigned ratings.)

Fitch assigns the following ratings to CapitalSource commercial loan trust 2004-1:

-- $218,000,000 class A-1 floating-rate asset-backed notes, due May 20, 2009 'AAA';

-- $370,437,000 class A-2 floating-rate asset-backed notes, due April 20, 2013 'AAA';

-- $67,813,000 class B floating-rate deferrable asset-backed notes, due April 20, 2013 'AA';

-- $70,000,000 class C floating-rate deferrable asset-backed notes, due April 20, 2013 'A';

-- $39,375,000 class D floating-rate deferrable asset-backed notes, due April 20, 2013 'BBB'.

The ratings are based upon the credit quality of the underlying assets, the credit enhancement provided to the capital structure through subordination and excess spread, and the strength of CapitalSource Finance LLC as servicer to the portfolio assets.

The rating of the class A-1 and A-2 notes addresses the likelihood that investors will receive full and timely payments of interest, as per the governing documents, as well as the stated balance of principal by the legal final maturity date. The ratings of the class B, C, and D notes address the likelihood that investors will receive ultimate and compensating interest payments, as per the governing documents, as well as the stated balance of principal by the legal final maturity date.

The notes are supported by the cash flows of an asset portfolio consisting of high-yield loans to middle market U.S. businesses, a majority of which are privately owned. The loans were made for the purpose of working capital, growth, acquisitions, and recapitalizations. The loan obligors primarily operate in the health care, real estate, finance, consumer products and retail sectors. Approximately 90.1% of the loans are senior secured loans, 7.1% are senior B loans, with the remaining balance consisting of subordinate obligations. The portfolio has a weighted average rating of approximately 'B+/B'. The pool has 96 loan obligors with no single obligor representing more than 2% of the total portfolio value. There is some over-concentration with respect to industry exposure specifically in real estate and healthcare, which was addressed in the Fitch Vector Model. It is important to note that the portfolio will generally be a static pool. There will be no discretionary trading, however, substitutions for specified reasons will be allowable up to 20% of the aggregate net outstanding portfolio balance.

As part of the rating process for this transaction, Fitch stressed the underlying asset portfolio with a variety of default and interest rate scenarios, designed to simulate varying economic conditions. For further details on the stress tests Fitch employed while rating CapitalSource commercial loan trust 2004-1, see the presale report, 'CapitalSource Commercial Loan Trust 2004-1,' dated June 9, 2004, available on the Fitch Ratings web site at 'www.fitchratings.com'.

For more information on the Fitch vector model, see 'Global Rating Criteria for Collateralised Debt Obligation,' dated Aug. 1, 2003 and also available at 'www.fitchratings.com'.