JPMCC 2003-CIBC7 ratings safe
Global rating agency Moody's was informed that the Directing Certificateholder intends to remove LNR Partners as the Special Servicer and to appoint CWCapital Asset Management LLC as the successor Special Servicer. The Proposed Special Servicer Replacement will become effective upon satisfaction of the conditions precedent set forth in the governing documents. Moody's ratings address only the credit risks associated with the proposed transfer of special servicing rights. Other non-credit risks have not been addressed, but may have significant effect on yield and/or other payments to investors.