DBRS Confirms Ratings of GECMC 2007-C1
CMBSDBRS 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
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