Correction: Fitch Upgrades 9 Classes of GCCMT 2002-C1.

NEW YORK -- This is a correction for a release issued on Jan. 11. It amends the previous rating for class M as 'BBB-', not 'BBB'.

Fitch Ratings upgrades Greenwich Capital Commercial Mortgage Trust's (GCCMT) mortgage pass-through certificates, series 2002-C1 as follows:

--$16 million class G to 'AAA' from 'AA';

--$17.4 million class H to 'AA+' from 'AA-';

--$14.5 million class J to 'AA-' from 'A';

--$20.4 million class K to 'A' from 'BBB+';

--$20.4 million class L to 'BBB+' from 'BBB-';

--$8.7 million class M to 'BBB' from 'BBB-';

--$5.8 million class N to 'BBB-' from 'BB+';

--$8.7 million class O to 'B+' from 'B';

--$4.4 million class P to 'B' from 'B-'.

Fitch also affirms the following classes:

--$39.3 million class A-1 at 'AAA';

--$74.3 million class A-2 at 'AAA';

--$137.8 million class A-3 at 'AAA';

--$608.2 million class A-4 at 'AAA';

--Interest-only class XPB at 'AAA';

--Interest-only class XP at 'AAA';

--Interest-only class XC at 'AAA';

--$46.5 million class B at 'AAA';

--$11.6 million class C at 'AAA';

--$14.5 million class D at 'AAA';

--$20.4 million class E at 'AAA';

--$16 million class F at 'AAA'.

Fitch does not rate the $22.7 million class Q or the $15 million class SWD-B. The SWD-B certificate represents the non-pooled subordinate B-note secured by the 311 South Wacker Drive loan, which is now defeased.

The rating upgrades reflect increased credit enhancement due to scheduled amortization and the additional defeasance of eight loans (14.1%) since Fitch's last rating action. As of the December 2006 distribution date, the pool's aggregate certificate balance has decreased 4.7 % to $1.12 billion from $1.18 billion at issuance. To date, 16 loans (28.7%) have defeased, including four (19.9%) of the top 10 loans in the pool.

Currently, two loans (0.9%) are in special servicing. The larger specially serviced loan (0.6%) is a mixed-use property located in Kingwood, Texas. The loan remains current under a forbearance agreement.

The other specially serviced loan (0.4%) is collateralized by a retail center in Gulfport, Mississippi and is current. The special servicer is in the process of documenting an assumption of the loan.

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.