Fitch Downgrades 3 Classes of GECCMC 2000-1

NEW YORK--(Business Wire)--Fitch Ratings downgrades 3 classes from GE Capital Commercial
Mortgage Corp.'s (GECCMC) commercial mortgage pass-through
certificates, series 2000-1, as follows:

--$6.2 million class H to 'B' from 'B+';

--$5.3 million class I to 'CCC' from 'B-' and assigned a
distressed recovery (DR) rating of 'DR2';

--$4.8 million class J to 'C/DR6' from 'C/DR5'.

In addition, Fitch affirms the following classes:

--$414.7 million class A-2 at 'AAA';

--Interest only class X at 'AAA';

--$28.3 million class B at 'AAA';

--$31.8 million class C at 'AAA';

--$8.8 million class D at 'AAA';

--$23 million class E at 'AA-';

--$8.8 million class F at 'A-';

--$23.9 million class G at 'BB+'.

Class A-1 has been paid in full while classes K through M have
been reduced to zero due to realized losses. The downgrades and
lowered distressed recovery (DR) ratings are due to increased loss
expectations on the current specially serviced loan and potential
future defaults.

The affirmation of the senior classes is due to additional pay
down and scheduled amortization, as well as the additional defeasance
of four loans (9.5%) since the last Fitch rating action. As of the
December 2007 distribution date, the total pool balance has been
reduced 21.4% to $555.7 million from $707.3 million at issuance.
Thirty-two loans (38.9%) have defeased since issuance.

Eleven loans (12.9%) have been identified as Fitch loans of
concern due to declines in occupancy and performance, including one
specially serviced asset (1.5%). The specially serviced asset is
collateralized by a 292-unit multifamily property located in Dallas,
TX and is in foreclosure. Fitch-projected losses on the specially
serviced loan are expected to be absorbed by class J.

The largest Fitch loan of concern (5.3%) is secured by a hotel in
downtown New Orleans, LA. As of September 2007, occupancy was 57% and
net cash flow debt service coverage ratio (DSCR) has declined from
year-end (YE) 2006. As of September 2007, revenue per available room
was $78.02 compared to $89.53 at YE 2006. Fitch will continue to
closely monitor the performance of this loan.

The second largest Fitch Loan of Concern (1.9%) is secured by an
office property in Denver, CO and is current. As of June 2007,
occupancy was 76% and net cash flow DSCR has increased from YE 2006.

The Equity Inns Portfolio loan (5.8%), a Fitch investment grade
shadow-rated obligation, defeased since Fitch's last formal review.

Fitch's Distressed Recovery (DR) ratings, introduced in April 2006
across all sectors of structured finance, are designed to estimate
recoveries on a forward-looking basis while taking into account the
time value of money. For more information on Distressed Recovery
ratings, see the full report ('Structured Finance Distressed Recovery
Ratings'), which is available on the Fitch Ratings 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
Jeffrey Diliberto, +1-212-908-9173
Adam Fox, +1-212-908-0869
Sandro Scenga, +1-212-908-0278 (Media Relations)

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