The Distressed Recovery rating of class J of GS Mortgage Securities Corp. II's commercial mortgage pass-through certificates, series 1998-C1, has been downgraded from DR5 to DR6 by Fitch Ratings.In addition, Fitch assigned a Distressed Recovery rating of DR2 to class H. (Distressed Recovery ratings range from DR1, the highest, to DR6 to designate a transaction's recovery prospects.) One other class in the deal was upgraded, and the ratings on seven other classes were affirmed. Fitch attributed the downgrade to increased expected losses on specially serviced loans. The rating agency can be found online at http://www.fitchratings.com.
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