DBRS Maintains Class B of GECMC, Series 2005-C1 Under Review with Negative Implications

DBRS has today maintained Class B of GE Commercial Mortgage Corporation, Series 2005-C1, Under Review with Negative Implications.

This rating was initially placed Under Review with Negative Implications because of interest shortfalls on the class that were associated with the liquidation of the Washington Mutual Buildings loan (Prospectus ID#9). With the October 2012 remittance, the interest shortfall has been repaid in full to Class B.

DBRS decided to keep the Class B Under Review with Negative Implications while it compiles and analyzes more information on the loans in special servicing and other pivotal loans in the pool.

Notes:
All figures are in U.S. dollars unless otherwise noted.

The applicable methodologies are CMBS Rating Methodology (January 2012) and CMBS North American Surveillance Methodology (May 2011), which can be found on our website under Methodologies.

This rating did not include issuer participation and is based solely on publicly available information.

This rating is endorsed by DBRS Ratings Limited for use in the European Union.