OVERVIEW Morgan Stanley Capital I Trust 2013-ALTM's issuance is a CMBS securitization backed by one 12-year, $160 million commercial mortgage loan secured by the fee interest in Altamonte Mall and the accompanying leases, rent, and other income. We assigned our preliminary ratings to the class A-1, A-2, X-A, X-B, B, C, D, and E certificates. The preliminary ratings reflect our view of the transaction's structure, trustee-provided liquidity, and the collateral's historical performance, among other factors. NEW YORK (Standard&Poor's) March 5, 2013--Standard&Poor's Ratings Services today assigned its preliminary ratings to Morgan Stanley Capital I Trust 2013-ALTM's $160.0 million commercial mortgage pass-through certificates series 2013-ALTM (see list). The note issuance is a commercial mortgage-backed securities transaction backed by