Class N-SO of GCCFC 2004-FL2 has been placed on Rating Watch Negative by Fitch Ratings.The rating agency also affirmed the ratings on 10 other classes in the transaction. Fitch said the action stemmed from concerns about the Southfield Office Center loan, which represents 85.4% of the loan pool. The concerns relate to declining rents at the property and the general conditions in the Southfield, Mich., office market, the rating agency said.

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