OREANDA-NEWS. Fitch Ratings has placed 12 bonds in four commercial mortgage-backed securities on Rating Watch Positive based on the anticipated payoff of the Stuyvesant Town/Peter Cooper Village loan (ST/PCV). In addition, Fitch revises the Rating Outlook on one class to Stable from Negative in one transaction. A detailed list of rating actions follows at the end of this release.

KEY RATING DRIVERS

The Positive Watch placements are the result of the potential sale of the ST/PCV loan for $5.3 billion. CWCapital, the special servicer, has not formally confirmed the sale or details with Fitch. While the sale is likely to result in a full payoff of the loan, including fees, expenses, and advances, as well as additional funds for gain-on-sale reserves for the individual transactions, Fitch's Rating Watch Positive actions reflect only the anticipated payoff of the loan. The actions do not reflect the potential for interest or principal loss recoveries based on gain-on-sale provisions. Full reviews of each transaction will occur when the sale closes and when details on the distribution of sale proceeds are confirmed. Rating actions on additional bonds may occur if warranted by any reimbursement of realized principal losses or interest shortfalls.

The $3 billion ST/PCV loan has portions in the following transactions:
--$1.5 billion, 22.5% of WBCMT 2007-C30
--$800 million, 24.5% of ML CFC 2007-5
--$250 million, 13.3% of Cobalt 2007-C2
--$202.3 million, 11.3% of ML CFC 2007-6
--$247.7 million, 5.3% of WBCMT 2007-C31 (Not rated by Fitch)

RATING SENSITIVITIES

The classes placed on Rating Watch Positive may be upgraded based on expected increases in credit enhancement. Upgrades of one category or more are possible.

DUE DILIGENCE USAGE

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

Fitch places the following classes on Rating Watch Positive:

COBALT CMBS Commercial Mortgage Trust, series 2007-C2 (COBALT 2007-C2)
--$221.9 million class A-MFX 'AAsf';
--$20 million class A-M 'AAsf';
--$102.6 million class A-JFX 'CCCsf';
--100 million class A-JFL 'CCCsf'.

ML-CFC Commercial Mortgage Trust, series 2007-5 (ML-CFC 2007-5)
--$341.7 million class AM 'BBsf';
--$100 million class AM-FL 'BBsf'.

ML-CFC Commercial Mortgage Trust, series 2007-6 (ML-CFC 2007-6)
--$214.6 million class AM 'BBsf'.

Wachovia Bank Commercial Mortgage Trust, series 2007-C30 (WBCMT 2007-C30)
--$540.3 million class A-M 'BBB-sf';
--$250 million class A-MFL 'BBB-sf';
--$671.8 million class A-J 'CCCsf';
--$49.4 million class B 'CCCsf';
--$79 million class C 'CCCsf'.

In addition, Fitch revises the Rating Outlooks for the following class:

ML-CFC 2007-6
--$728.9 million class A-4 at 'AAAsf'; Rating Outlook to Stable from Negative.