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Wachovia Bank Commercial Mortgage Trust Series 2007-C33 -- Moody's downgrades three and affirms four classes of WBCMT 2007-C33

The higher losses are driven by the deterioration in performance of the Independence Mall Loan and the high expected loss severity from the reported sale of the asset. The ratings on four P&I classes were affirmed because the ratings are consistent with Moody's expected loss. Moody's rating action reflects a base expected loss of 67.5% of the current pooled balance, compared to 56.2% at Moody's last review.