TEXT-Fitch cuts 2 classes of GMAC 1998-C2 ratings

Newswire

(The following statement was released by the rating agency) Jan 29 - Fitch Ratings downgrades GMAC Commercial Mortgage Securities, Inc., series 1998-C2 as follows: --$19.0 million class K to 'B-' from 'BB-'and assigned a distressed recovery (DR) rating of 'DR1'. --$25.3 million class L to 'C/DR6' from 'CC/DR3'. Fitch also affirms and assigns Rating Outlooks to the following classes: --Interest-only (IO) class X at 'AAA'; Outlook Stable; --$56.5 million class D at 'AAA'; Outlook Stable; ...

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