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GMACCM Gets Upgrade.(Brief article)
New York -- Fitch Ratings has raised its primary servicer rating on GMAC Commercial Mortgage to "CPS1-" from "CPS2+." Fitch likewise raised the company's master servicer rating one notch to "CMS1-."
Fitch credited CMACCM's "strong ability to monitor and report CMBS transactions and oversee primary servicers" for the master servicing upgrade. Fitch also praised the company's management team, technology, training programs and improved financial condition. Fitch noted that the sale of a majority stake in GMACCM to an investor group resulted in ...
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Source: HighBeam Research, GMACCM Gets Upgrade.(Brief article)