2008-08-26 23:44:01 -

- Fitch Ratings has affirmed MLMT Commercial Mortgage Trust, series 2007-C1, as follows:

-- $50.1 million class A-1 at 'AAA';

-- $298.9 million class A-2 at 'AAA';

-- $200 million class A-2FL at 'AAA';

-- $322.2 million class A-3 at 'AAA';

-- $130 million class A-3FL at 'AAA';

-- $90.3 million class A-SB at

'AAA';

-- $442.2 million class A-4 at 'AAA';

-- $1.3 billion class A-1A at 'AAA';

-- $405 million class AM at 'AAA';

-- $134.1 million class AJ at 'AAA';

-- $200 million class AJ-FL at 'AAA';

-- Interest-only class X at 'AAA';

-- $86.1 million class B at 'AA';

-- $40.5 million class C at 'AA-';

-- $45.6 million class D at 'A';

-- $45.6 million class E at 'A-';

-- $50.6 million class F at 'BBB+';

-- $40.5 million class G at 'BBB';

-- $40.5 million class H at 'BBB-';

-- $15.2 million class J at 'BB+';

-- $15.2 million class K at 'BB';

-- $10.1 million class L at 'BB-';

-- $10.1 million class M at 'B+';

-- $10.1 million class N at 'B';

-- $5.1 million class P at 'B-'.

Fitch does not rate the $60.8 million class Q.

The affirmations are the result of stable performance and minimal paydown since issuance. As of the July 2008 distribution date, the pool's certificate balance has decreased 0.2% to $4.04 billion from $4.05 billion at issuance. There have been no delinquencies since issuance. 159 loans (84%) are interest-only or partial interest-only.

The Encanto - SLB Puerto Rico retail portfolio, located in Puerto Rico (0.4%), maintains an investment-grade shadow rating. The loan is secured by an eighteen property portfolio totaling 66,101 square feet (sf), and remains 100% occupied by Encanto Restaurants, Inc. The servicer reported debt service as of year-end (YE) 2007 is 1.77 times (x) as compared to 1.89x at issuance.

The largest loan (9.5%) is collateralized by 78 rental housing communities located in 66 cities across eight states. Occupancy as of March 2008 was 94.8% compared to 94.4% at issuance. The servicer reported YE 2007 DSCR was 1.55x compared to 1.52x at issuance.

The second largest loan (8.2%) is secured by a 79 rental housing communities located in 61 cities across eight states. Occupancy as of March 2008 was 95.2% compared to 93.4% at issuance. The servicer reported YE 2007 DSCR was 1.57x compared to 1.52x at issuance.

Fitch's rating definitions and the terms of use of such ratings are available on the agency's public site, www.fitchratings.com. Published ratings, criteria and methodologies are available from this site, at all times. Fitch's code of conduct, confidentiality, conflicts of interest, affiliate firewall, compliance and other relevant policies and procedures are also available from the 'Code of Conduct' section of this site.

Fitch Ratings, New York
Greg Christoforides, +1-212-908-0703
Adam Fox, +1-212-908-0869
Sandro Scenga, +1-212-908-0278 (Media Relations)