Class N of GMAC Commercial Mortgage Securities Inc.'s commercial mortgage pass-through certificates, series 2000-C2, has been downgraded by Fitch Ratings.The ratings on nine other Fitch-rated classes in the deal were affirmed. The downgrade reflects losses stemming from the liquidation of two stand-alone Kmart properties, the rating agency said. The certificates are collateralized by 127 mortgage loans and an $88.1 million Freddie Mac-guaranteed Gold Participation Certificate secured by two loans on five multifamily properties, according to Fitch. Five loans are in special servicing.
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