Fitch Affirms Archon Group's Special Servicer Rating at 'CSS1'
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CHICAGO--(Business Wire)--Fitch Ratings affirms Archon Group, L.P.'s (Archon) commercial mortgage special servicer rating at 'CSS1'. The rating reflects Archon's highly experienced asset management and special servicing team and its ability to successfully work out, manage, and resolve CMBS mortgage loans. The rating also considers Archon's excellent use of technology, its active involvement in real estate markets, and the strong support of its parent company, The Goldman Sachs Group, Inc. As of Dec. 31, 2007, Archon was named special servicer on two CMBS transactions, totaling approximately $48 million. 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 'U.S. Commercial Mortgage Servicer Rating Criteria' dated Sept. 14, 2007, which is available on Fitch's web site at www.fitchratings.com. Fitch's rating definitions and the terms of use of such ratings are available on the agency's public site, www.fitchratings.com. Published ratings, criteria and methodologies are available from this site, at all times. Fitch's code of conduct, confidentiality, conflicts of interest, affiliate firewall, compliance and other relevant policies and procedures are also available from the 'Code of Conduct' section of this site. Fitch Ratings Richard Carlson, +1-312-606-2373 (Chicago) Jeff Wagner, +1-646-478-6592 (Kansas City) Media Relations: Sandro Scenga, +1-212-908-0278 (New York) Copyright Business Wire 2008
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