Classes G and H of Deutsche Mortgage & Asset Receiving Corp.'s commercial mortgage pass-through certificates, series 1998-C1, have been removed from Rating Watch Negative by Fitch Ratings.The rating agency said the actions were taken due to the full repayment of interest shortfalls. "In April, the losses from liquidation of the Healthcare Capital portfolio (3.8%), a group of eight cross-collateralized, cross-defaulted health care loans, were passed through the trust, resulting in a 100% principal loss," Fitch said. "However, a portion of the liquidation proceeds was used to repay the interest shortfalls on several classes." The rating agency can be found online at http://www.fitchratings.com.
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