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DAIWA MORTGAGE ACCEPTANCE CORP. SERIES 1993-1 CLASS A PASS-THRUS RATED 'AA' BY FITCH -- FITCH FINANCIAL WIRE --

 NEW YORK, March 8 /PRNewswire/ -- Daiwa Mortgage Acceptance Corp.'s commercial mortgage pass-through certificates series 1993-1 $146.2 million class A certificates are rated AA' by Fitch. The $10.1 million class B certificates are rated A' and the $10.1 million class C certificates BBB'. The privately placed $26.4 million class D certificates are rated B'. The class E certificates are not rated.
 The ratings reflect the high percentage of current loans in the mortgage pool, the presence of a special industry servicer, subordination of class B (5 percent), C (5 percent), D (13 percent) and E (5 percent), and use of excess interest to reduce certificate principal. In addition, liquidity is provided by servicer advances for debt service through liquidation of the asset. Concerns include the pool's geographic concentration in California, where properties totaling almost 39 percent of the pool's balance are located, and the low debt service coverage on the largest loan.
 The ratings also reflect Fitch's confidence in the integrity of the transaction's legal and financial structures, as well as the depositor's obligation, as guaranteed by Daiwa America Corp., to indemnify certificateholders for any losses caused by a breach of the seller's representations and warranties, including its obligation to repurchase or cure delinquent loans where hazardous materials were present at the closing date.
 The 61 loans in the pool are secured by 60 nursing home, retirement care and other elder-care related properties. The loans were purchased from the Resolution Trust Corp., in its capacity as conservator or receiver for eight institutions, by Daiwa Finance Corp. which sold them to the depositor. The weighted average debt service coverage ratio for the 85 percent of loans with recent operating data is 1.95 times. Approximately 82 percent of the pool consists of floating rate or reset loans.
 The loans were assigned to the trust, which issued certificates pursuant to the Pooling and Servicing Agreement dated as of Feb. 15, 1993. The trustee is Union Bank. Bankers Trust Company is the master servicer for the transaction and WMF/Huntoon, Paige Associates Limited will act as primary servicer. Somerset Management Group, Inc., a joint venture of Columbia-Pacific Group, Hillhaven Corporation, and Holiday Retirement Corp. will be the special industry servicer. An election will be made to treat the trust as a real estate mortgage investment conduit for federal income tax purposes.
 -0- 3/8/93
 /CONTACT: Janet Forst, 212-908-0527 or Ron Wechsler, 212-908-0532, both of Fitch/


CO: Daiwa Mortgage Acceptance Corp. ST: IN: FIN SU: RTG

WB -- NY090 -- 4246 03/08/93 17:41 EST
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Date:Mar 8, 1993
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