Fitch Ratings Upgrades 10 Classes of GE 2002-1.

NEW YORK -- Fitch Ratings upgrades and removes from Rating Watch Positive General Electric Capital Commercial Mortgage Corp., series 2002-1, as follows:

-- $13 million class F certificates to 'A+' from 'BBB+';

-- $18.2 million class G certificates to 'A-' from 'BBB';

-- $10.4 million class H certificates to 'BBB+' from 'BBB-';

-- $18.2 million class J certificates to 'BBB' from 'BB+'.

Fitch also upgrades the following classes:

-- $36.3 million class B certificates to 'AAA' from 'AA';

-- $22 million class C certificates to 'AAA' from 'A+';

-- $16.9 million class D certificates to 'AA+' from 'A';

-- $10.4 million class E certificates to 'AA' from 'A-'

-- $16.9 million class K certificates to 'BBB-' from 'BB';

-- $6.5 million class L certificates to 'BB+' from 'BB-'.

In addition, Fitch affirms the following classes:

-- $30.4 million class A-1 at 'AAA';

-- $158 million class A-2 at 'AAA';

-- $595.2 million class A-3 at 'AAA';

-- Interest-only class X-1 at 'AAA';

-- Interest-only class X-2 at 'AAA';

-- $7.8 million class M at 'B+';

-- $10.4 million class N at 'B';

-- $5.2 million class O at 'B-'.

Fitch does not rate the $15.6 million class P certificates.

The rating upgrades reflect the increased credit enhancement levels from scheduled amortization, defeasance and the levels that are in line with the subordination levels of deals issued today having similar characteristics. In total, five loans (5.5%) have defeased. As of the March 2006 distribution date, the pool's aggregate certificate balance has decreased 4.54% to $991.4 million from $1.04 billion at issuance. To date, there have been no loan payoffs or losses. Also, there are no delinquent or specially serviced loans.

Fitch reviewed the one credit assessed loan in the pool, 15555 Lundy Parkway (5.1%). The credit rating of the loan is dependent on the rating of the sole tenant, Ford Motor Company. At issuance, the credit rating of Ford Motor Company was 'BBB+' with a Negative Outlook. Fitch downgraded Ford Motor Company to 'BB' with a Negative Outlook in March 2006. Fitch no longer considers this loan to be investment grade.

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.