Fitch Affirms GE Capital Realty Group's Special Servicer Rating at 'CSS2+'

Business Wire, May 7, 2007

CHICAGO -- Fitch Ratings has affirmed GE Capital Realty Group's (GECRG) commercial mortgage special servicer rating at 'CSS2 '. The rating considers GECRG's continued extensive experience working out, managing and liquidating commercial mortgage loans and real estate owned (REO) assets. Also considered is GECRG's large volume (more than $1 billion) of asset and loan resolutions in 2006, of which $31 million was commercial mortgage-backed securities (CMBS). The rating also reflects the company's highly experienced and tenured special servicing and asset management staff, its excellent use of technology and the strong financial resources provided by its parent, GE Real Estate.

As of Dec. 31, 2006, GECRG was named special servicer on five CMBS transactions, representing 350 loans, totaling $2.2 billion. As of the same date, GECRG was specially servicing three CMBS loans totaling $10 million and was responsible for one REO CMBS asset valued at $4 million.

Fitch rates commercial mortgage primary, master, and special servicers on a scale of 1 to 5, with 1 being the highest rating. Within each of these rating levels, Fitch further differentiates ratings by plus ( ) and minus (-) as well as the flat rating. For more information about Fitch commercial mortgage servicer ratings or rating criteria, refer to the report titled 'Rating U.S. Commercial Mortgage Servicers', dated June 9, 2006, available on Fitch's web site at www.fitchratings.com.

Fitch's rating definitions and the terms of use of such ratings are available on the agency's public site, www.fitchratings.com. Published ratings, criteria and methodologies are available from this site, at all times. Fitch's code of conduct, confidentiality, conflicts of interest, affiliate firewall, compliance and other relevant policies and procedures are also available from the 'Code of Conduct' section of this site.