Fitch Affirms GE Capital Realty Group's CMBS Special Servicer Rating

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NEW YORK--(BUSINESS WIRE)-- Fitch Ratings affirms GE Capital Realty Group's (GECRG) commercial mortgage-backed securities (CMBS) special servicer rating at 'CSS2+'.

The special servicer rating is based on GECRG's continued ability to workout, manage and resolve CMBS assets, its highly experienced senior and middle management, its strong technology, and the financial support of parent, General Electric Company.

As of June 30, 2011, GECRG was named special servicer on 66 loans in three CMBS transactions totaling $457.4 million. Also as of the same date, GECRG was actively specially servicing two CMBS loans totaling $7.4 million. At the same date, GECRG was responsible for 474 non-CMBS loans and 633 properties totaling $3.5 billion.

The servicer rating is based on the methodology described in Fitch's reports 'U.S. Commercial Mortgage Servicer Rating Criteria,' dated Feb. 18, 2011, and 'Global Rating Criteria for Structured Finance Servicers' dated Aug. 16, 2010, available on Fitch's web site www.fitchratings.com.

Additional information is available at 'www.fitchratings.com'. The ratings above were solicited by, or on behalf of, the issuer, and therefore, Fitch has been compensated for the provision of the ratings.

Applicable Criteria and Related Research:

--'U.S. Commercial Mortgage Servicer Rating Criteria' (Feb. 18, 2011);

--'Global Rating Criteria for Structured Finance Servicers' (Aug. 16, 2010).

Applicable Criteria and Related Research:

U.S. Commercial Mortgage Servicer Rating Criteria

http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=584005

Global Rating Criteria for Structured Finance Servicers

http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=547305

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