Fitch Upgrades GMACCM's Servicer Ratings

Fitch Ratings has raised the primary and master servicer ratings for GMAC Commercial Mortgage to 'CPS1-minus' while affirming the special servicer rating at 'CSS1.'The new ratings reflect a one notch upgrade in the primary and master servicer ratings, while the special servicer rating is already at the highest level. Fitch said the change comes in the wake of GM's partial sale of General Motors Acceptance Corporation to an entity controlled by affiliates of Kohlberg, Kravis Roberts & Co; Five Mile Capital Partners and The Goldman Sachs Group. At the end of last year, GMACCM's primary servicing portfolio consisted of about $100 billion of commercial mortgage loans. GMACCM was also the master servicer on 164 commercial mortgage-backed securities transactions totaling $107.2 billion.