OREANDA-NEWS. April 13, 2015. Fitch Ratings has taken the following rating actions for CT Investment Management Co., LLC (CTIMCO):

--Commercial special servicer affirmed at 'CSS2-' and withdrawn;
--Commercial loan level special servicer rating assigned at 'CLLSS2'.

The loan level special servicer rating reflects CTIMCO's strong management and asset management team, experience resolving large complex loans, and continued improvements in technology related to the integration within The Blackstone Group L.P. (Blackstone). The rating also reflects the more limited special servicing control infrastructure relying on external resources, and the financial support provided by Blackstone.

CTIMCO is a wholly-owned subsidiary of Blackstone Holdings I L.P., a subsidiary of Blackstone. CTIMCO was acquired by Blackstone in Dec. 2012, and Fitch's servicer rating is predicated on the employees, technology, financial condition and controls that have since been integrated into and are part of the Blackstone Real Estate Debt Strategies group (BREDS). CTIMCO serves as the special servicing entity for the larger BREDS platform.

CTIMCO has been resolving commercial real estate loans for over 14 years and has acted as a CMBS special servicer for over nine years, with a concentration on restructuring large loans in CMBS transactions. The group is located in New York City, with a staff of eight BREDS employees performing asset management functions, and is supported by 15 Accenture employees in Chennai, India, performing data-entry functions related to property-level operating statements. The staff in India is dedicated to CTIMCO.