Fitch Ratings Upgrades 3 Classes of GECCMC Series 2000-1.

NEW YORK -- Fitch upgrades GE Capital Commercial Mortgage Corp.'s (GECCMC) commercial mortgage pass-through certificates, series 2000-1, as follows:

--$8.8 million class D to 'AAA' from 'AA+';

--$23 million class E to 'A+' from 'A-';

--$8.8 million class F to 'A-' from 'BBB'.

In addition, Fitch affirms the following classes:

--$4.2 million class A-1 at 'AAA';

--$429.2 million class A-2 at 'AAA';

--Interest only class X at 'AAA';

--$28.3 million class B at 'AAA';

--$31.8 million class C at 'AAA';

--$23.9 million class G at 'BB+';

--$6.2 million class H at 'B+';

--$5.3 million class I at 'B-'.

The long-term credit rating of class J remains at 'CC' and the Distressed Recovery (DR) rating has been lowered to 'DR4' from 'DR3' due to increased loss expectations.

Classes K through M have been reduced to zero due to realized losses.

The upgrades reflect increased credit enhancement due to paydown and scheduled amortization, as well as the additional defeasance of six loans (7.3%) since the last Fitch rating action. As of the September 2006 distribution date, total pool balance has been reduced 18.8% to $574.4 million from $707.3 million at issuance. Twenty-two loans (21%) have defeased since issuance.

Fitch continues to monitor the second largest loan (5.2%), a hotel in downtown New Orleans, LA. All functional repairs have been completed; ongoing cosmetic repairs to the hotel are scheduled over the course of 2006-07. The hotel continues to perform as indicated by a year-to-date (YTD) June 2006 debt service coverage ratio (DSCR) of 1.46 times (x). YTD 6/06 occupancy is inline with previous years at 71%.

There is currently one loan (1.5%) in special servicing. The loan is collateralized by a 292-unit multifamily property located in Dallas, TX and remains current. The special servicer is in negotiations with the borrower to pay off the loan. Fitch-projected losses on the specially serviced loan are expected to be absorbed by class J.

Fitch reviewed the credit assessment of the Equity Inns Portfolio (5.8%) loan. The Fitch stressed debt service coverage ratio (DSCR) is calculated based on a Fitch adjusted net cash flow (NCF) and a stressed debt service based on the current loan balance and a hypothetical mortgage constant.

The Equity Inns portfolio is secured by nine, cross-collateralized and cross-defaulted first mortgage liens on nine limited service hotels, originally totaling 1,181 rooms and located in various states. In August 2006, there was a property substitution, whereby the Hampton Inns-Colorado Springs replaced the Hampton Inns-Aurora. The number of hotels collateralizing the loan remains the same; however, the total number of rooms has decreased to 1,177. The Fitch trailing twelve month (TTM) April 2006 stressed DSCR, which includes the substituted hotel's operating history, has increased to 2.08 times (x) from 1.92x at year-end (YE) 2005. The increase in DSCR is partly due to the stronger performance of the Hampton Inns-Colorado Springs compared with the Hampton Inns-Aurora. Based on current performance, the loan maintains an investment grade credit-assessment.

Fitch's Distressed Recovery (DR) ratings, introduced in April 2006 across all sectors of structured finance, are designed to estimate recoveries on a forward-looking basis while taking into account the time value of money. For more information on Distressed Recovery ratings, see the full report ('Structured Finance Distressed Recovery Ratings'), which is available on the Fitch Ratings web site at www.fitchratings.com.

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