GECCMC MBS Classes Downgraded

Five classes of GE Mortgage Capital Commercial Mortgage Corp.'s commercial mortgage pass-through certificates, series 2000-1, have been downgraded by Fitch Ratings.The downgrades were as follows: class H, from BB-minus to B-plus; class I, from B-plus to B; class J, from B-minus to CCC; class K, from CC to C; and class L, from C to D. In addition, Fitch affirmed the ratings on nine other classes in the deal. Fitch attributed the downgrades to "the imminent loss on one loan and the expected losses on several specially serviced loans." Fitch can be found online at http://www.fitchratings.com.