NEW YORK, Jan. 30 /PRNewswire/ -- Standard & Poor's today affirmed its
Strong ranking on GMAC Commercial Mortgage Corp. (GMACCM), a commercial
special servicer.
The ranking action reflects the company's highly experienced and cohesive
management team, superior computer systems, excellent procedures, stringent
internal controls, and ongoing accomplishments as a very successful CMBS
special servicer.
GMACCM has continued to make enhancements in the areas of technology to
boost overall operating efficiency. Other strengths include dedicated staff
for investor compliance, client reporting, and an enhanced loan surveillance
function that provides a first alert of potentially troubled assets. In the
past two years, the company has gained further experience in specialty asset
types such as health care facilities and hotels. The special servicer
operation, through its parent, also has in-house support staff and resources
for legal services, computer systems, internal audit, and environmental and
engineering services. GMACCM's exemplary asset recovery statistics indicate a
continuing ability to manage complex assets located throughout the U.S. in a
highly competent manner. GMACCM can also be found on Standard & Poor's Select
Servicer List available on RatingsDirect, Standard & Poor's Web-based credit
and analysis system. -- CreditWire
SOURCE Standard & Poor's
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http://www.standardandpoors.com/ratings
CONTACT:
Michael S Merriam, 212-438-2548, or Kim
Betancourt, 212-438-2398, both of Standard & Poor's
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