GMAC CMBS Classes Off Watchlist

January 31, 2005, 3:00 p.m. EST 1 Min Read

The ratings on Classes D and E of GMAC Commercial Mortgage Securities Inc.'s mortgage pass-through certificates, series 2002-FL-1, have been affirmed and removed from Rating Watch Negative by Fitch Ratings.In addition, Fitch upgraded two classes in the deal and affirmed the rating on one other class. The rating agency attributed the removal of the classes from the watchlist to the payoff of the One Kendall Square loan and the changeover of the deal to a sequential pay structure from a modified pro rata pay structure.

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