TEXT-Fitch Downgrades One Class of GMAC 2001-C1; Places Four on Rating Watch Negative

NEW YORK, September 26 (Fitch) Fitch Ratings has downgraded one class and placed four classes of GMAC Commercial Mortgage Securities, Inc.'s mortgage pass-through certificates, series 2001-C1 on Rating Watch Negative. In addition Fitch has affirmed six distressed classes of the transaction. A detailed list of rating actions follows at the end of this release.