Moody's has downgraded three classes of GMAC Commercial Mortgage Securities Inc., series 1999-C2, while upgrading or affirming others. Class J's rating slipped to B1 from Ba3, class K's rating fell to Caa2 from B2 and class L's rating dropped to Ca from B3. Meanwhile, class B's rating rose to Aaa from Aa1, class C's rating climbed to Aa2 from A1, class D's rating jumped to Aa3 from A2, class E's rating got upgraded to Baa1 from Baa2 and class F's rating rose to Baa2 from Baa3. Other ratings were affirmed. Moody's can be found on the Web at http://www.moodys.com.

Subscribe Now

Authoritative analysis and perspective for every segment of the mortgage industry

30-Day Free Trial

Authoritative analysis and perspective for every segment of the mortgage industry