TEXT-S&P on GMAC Commercial Mortgage 2003-C2


(The following statement was released by the rating agency) Feb 23 - Standard & Poor's Ratings Services today raised its ratings on four classes and lowered its ratings on two classes of commercial mortgage pass-through certificates from GMAC Commercial Mortgage Securities Inc.'s series 2003-C2. Concurrently, we affirmed our ratings on 11 other classes from the same transaction (see list). The upgrades reflect increased credit enhancement levels resulting from a 31% reduction in the ...

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