Four classes of GMAC Commercial Mortgage Securities Inc.'s commercial mortgage pass-through certificates, series 2000-C3, have been downgraded by Fitch Ratings.The downgrades were as follows: class S-MAC-1, from A-plus to A-minus; class S-MAC-2, from A-minus to BBB; class S-MAC-3, from BBB to BB-plus; and class S-MAC-4, from BBB-minus to BB. The ratings on 16 other Fitch-rated classes of the deal were affirmed. The rating agency attributed the downgrades to the decreased performance of the MacArthur Center loan. "The downgraded classes represent the tranches of the MacArthur Center B note," Fitch said. "The rest of the pool's performance remains stable." Fitch can be found online at http://www.fitchratings.com.
Processing Content
