Fitch Affirms GEMSA Loan Services' Primary & Master Servicer Ratings.
As of Sept. 30, 2006, GEMSA's global servicing portfolio totaled $89.1 billion. At that date, its U.S. servicing portfolio comprised 7,969 loans totaling $82.7 billion, of which $28.6 billion was CMBS. Also as of Sept. 30, 2006, GEMSA was named master servicer for five U.S. CMBS transactions, totaling $6.3 billion and oversaw seven third party primary servicers who serviced 231 loans totaling $2.7 billion.
Fitch rates commercial mortgage primary, master, and special servicers on a scale of 1 to 5, with 1 being the highest rating. Within each of these rating levels, Fitch further differentiates ratings by plus (+) and minus (-) as well as the flat rating. For more information about Fitch commercial mortgage servicer ratings or rating criteria, refer to the report titled 'Rating U.S. Commercial Mortgage Servicers', dated June 9, 2006, available on Fitch's web site, www.fitchratings.com.
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|Date:||Nov 2, 2006|
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