Press Release

DBRS Confirms Ratings of GECMC 2007-C1

CMBS
December 23, 2013

DBRS has today confirmed the ratings of GE Commercial Mortgage Corporation, Commercial Mortgage Pass-Through Certificates, Series 2007-C1 as follows:

-- Class A-M at BB (sf)
-- Class A-MFL at BB (sf)

The trends are Stable.

The ratings were originally issued at the request of an investor and are based exclusively on the credit provided by the transaction structure and underlying trust assets.

DBRS has also discontinued the rating of Class A-MFL of GE Commercial Mortgage Corporation, Commercial Mortgage Pass-Through Certificates, Series 2007-C1. The investor who originally requested the rating has since terminated a portion of the swap associated with the Class A-MFL and amended and restated the related pooling and servicing agreement in order to subsequently issue a fixed-rate Class A-MFX. Following the withdrawal of the rating for Class A-MFL, and at the request of an investor, DBRS has assigned a BB (sf) rating to the newly issued Class A-MFX with a Stable trend.

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

The applicable methodologies are CMBS Rating Methodology and CMBS North American Surveillance Methodology, which can be found on our website under Methodologies.

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

Ratings

GE Commercial Mortgage Corporation, Series 2007-C1
  • Date Issued:Dec 23, 2013
  • Rating Action:Disc.-W/drwn, Confirmed
  • Ratings:Discontinued
  • Trend:--
  • Rating Recovery:
  • Issued:US
  • Date Issued:Dec 23, 2013
  • Rating Action:Confirmed
  • Ratings:BB (sf)
  • Trend:Stb
  • Rating Recovery:
  • Issued:US
  • Date Issued:Dec 23, 2013
  • Rating Action:New Rating
  • Ratings:BB (sf)
  • Trend:Stb
  • Rating Recovery:
  • Issued:US
  • US = Lead Analyst based in USA
  • CA = Lead Analyst based in Canada
  • EU = Lead Analyst based in EU
  • UK = Lead Analyst based in UK
  • E = EU endorsed
  • U = UK endorsed
  • Unsolicited Participating With Access
  • Unsolicited Participating Without Access
  • Unsolicited Non-participating

ALL MORNINGSTAR DBRS RATINGS ARE SUBJECT TO DISCLAIMERS AND CERTAIN LIMITATIONS. PLEASE READ THESE DISCLAIMERS AND LIMITATIONS AND ADDITIONAL INFORMATION REGARDING MORNINGSTAR DBRS RATINGS, INCLUDING DEFINITIONS, POLICIES, RATING SCALES AND METHODOLOGIES.