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STRUCTURED ASSET SECURITIES CORP. SERIES 1993-C1 A PASS THROUGHS RATED 'AAA' BY FITCH -- FITCH FINANCIAL WIRE --

 NEW YORK, March 29 /PRNewswire/ -- Structured Asset Securities Corp.'s commercial mortgage pass-through certificates series 1993-C1 $183.8 million class A-1A, $85.3 million class A-1B, $67.3 million class A-1C, $17.5 million class A-2, $15.9 million class A-3, $700,000 class A-4, $1,000 class R and interest-only X-1, X-2 and X-3 classes are rated "AAA" by Fitch. The $26.8 million class B certificates are rated "AA", the $26.8 million class C certificates are rated "A", and the $26.8 million class D certificates are rated "BBB". The classes E, F and G are not rated.
 The ratings reflect that all the mortgages are current (less than 30 days delinquent), the presence of an excellent special servicer, very low percentage of office security, and the subordination of classes B (5 percent), C (5 percent), D (5 percent), E (8 percent), F (5 percent) and G (3 percent). In addition, liquidity is provided by servicer advances for debt service, for a minimum of 24 months through the liquidation of the asset. Concerns include the pool's geographic concentration of more than 60 percent in California, and the retail concentration given southern California's recessionary economy.
 The ratings also reflect Fitch's confidence in the integrity of the transaction's legal and financial structures, as well as SASCO's obligation to indemnify certificateholders for any losses caused by a breach of representations and warranties. No representations or warranties were made concerning environmental matters. However, environmental surveys were performed on the largest 70 percent of the loans by principal balance.
 The 651 loans in the pool are secured by commercial and multifamily properties. The majority of loans were purchased from the RTC by Lehman Commercial Paper Inc., which sold them to the depositor. The weighted average debt service coverage ratio for the 85 percent of loans with recent operating data is 1.40 times. Approximately 94 percent of the pool consists of fixed rate loans, or floating rate loans capped no higher than 1 percent above their floors.
 The loans were assigned to the trust, which issued certificates pursuant to the Trust Agreement dated as of March 1, 1993. The trustee is Bankers Trust Co. American Savings Bank is the master servicer for the transaction, and Bank One will act as special servicer on loans in excess of $500,000. An election will be made to treat the rust as a real estate mortgage investment conduit for federal income tax purposes.
 -0- 3/29/93
 /CONTACT: Dean Britton, 212-908-0620, or Ron Wechsler, 212-908-0520, both of Fitch/


CO: Structured Asset Securities Corp. ST: IN: FIN SU: RTG

TS -- NY099 -- 0708 03/29/93 16:56 EST
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Date:Mar 29, 1993
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