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NEW YORK--([ BUSINESS WIRE ])--Fitch Ratings affirms Green Loan Services LLC's (GLS) commercial mortgage-backed securities (CMBS) large loan special servicer rating at 'CLLSS2'. The rating reflects Fitch's assessment of GLS' experience servicing large, complex commercial real estate loans, and the depth of its management and staff.

GLS is an affiliate of SL Green Realty Corp. (SL Green) (NYSE: SLG), a real estate investment trust that predominantly acquires, owns, repositions, and manages New York City (and surrounding locations) office properties. GLS provides asset management and special servicing for SL Green's debt and equity investment portfolio as well as for institutional third parties.

As of June 30, 2012, GLS was named the special servicer on five CMBS loans totaling $1.8 billion unpaid principal balance (UPB), none of which is in special servicing. SL Green is the B-note holder on all five loans. GLS was also named the special servicer for 22 non-CMBS loans totaling $1.5 billion of which two were being special serviced with a UPB of $332.7 million and another was in REO with a UPB of $ 135.6 million.

The servicer rating is based on the methodology described in Fitch's reports 'U.S. Commercial Mortgage Servicer Rating Criteria,' dated Feb. 18, 2011, and 'Global Rating Criteria for Structured Finance Servicers' dated Aug. 16, 2010, available on Fitch's web site [ www.fitchratings.com ].

Additional information is available at '[ www.fitchratings.com ]'. The ratings above were solicited by, or on behalf of, the issuer, and therefore, Fitch has been compensated for the provision of the ratings.

Applicable Criteria and Related Research:

--'U.S. Commercial Mortgage Servicer Rating Criteria' Feb. 18, 2011;

--'Global Rating Criteria for Structured Finance Servicers' Aug. 16, 2010.

Applicable Criteria and Related Research:

Global Rating Criteria for Structured Finance Servicers

[ http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=547305 ]

U.S. Commercial Mortgage Servicer Rating Criteria

[ http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=584005 ]

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