OREANDA-NEWS. Fitch Ratings withdraws the ratings on seven classes of Morgan Stanley Capital I Trust's (MSCI) commercial mortgage pass-through certificates, series 2004-HQ4, as a result of realized losses. The trust balances have been reduced to $0.

KEY RATING DRIVERS

The trust balances have been reduced to $0 or have experienced non-recoverable realized losses and are no longer considered by Fitch to be relevant to the agency's coverage..

RATING SENSITIVITIES

All classes have been paid in full, partially repaid with a realized loss, or fully written down due to realized losses.

DUE DILIGENCE USAGE

No third party due diligence was provided or reviewed in relation to this rating action.

Fitch withdraws the ratings on the following classes:

--$0 class J at 'Dsf/RE 5%';

--$0 class K at 'Dsf/RE 0%';

--$0 class L at 'Dsf/RE 0%';

--$0 class M at 'Dsf/RE 0%';

--$0 class N at 'Dsf/RE 0%';

--$0 class O at 'Dsf/RE 0%';

--$0 class P at 'Dsf/RE 0%'.