2008-06-17 23:57:30 -

- Fitch Ratings upgrades the following classes of notes from PNC Commercial Mortgage Acceptance Corp.'s (PNC) commercial mortgage pass-through certificates, series 2000-C1:

--$12 million class F to 'AA+' from 'AA';

--$12 million class G to 'A+' from 'A'.

In addition, Fitch has affirmed the following classes:

--$320.6 million class A-2 at 'AAA';

--Interest-only class X

at 'AAA';

--$34 million class B at 'AAA';

--$34 million class C at 'AAA';

--$10 million class D at 'AAA';

--$26 million class E at 'AAA';

--$18 million class H at 'BBB';

--$8 million class J at 'BBB-';

--$7 million class K at 'BB';

--$8 million class L at 'B';

--$6.8 million class M at 'CC/DR4'.

Class A-1 certificates have been paid in full. The balance of the class N and class O certificates have been reduced to zero due to realized losses.

The upgrades are due to increased credit enhancement due to paydown and defeasance since the last Fitch rating action. Thirty-eight loans (36.3%) are fully defeased, including six of the top ten loans (16.7%). As of the May 2008 distribution date, the principal balance has been reduced 38% to $496.7 million from $801 million at issuance.

There are currently three assets (0.3%) in special servicing. Losses are not expected on the specially serviced loans at this time.

Of the pool, thirteen loans (4.8%) mature in 2008, fifty-one loans (34.4%) mature in 2009 and sixty-four loan (51%) mature in 2010. The weighted averaged coupon of these maturing loans is 6.93%, 8.42% and 8.74%, respectively.

The largest loan in the pool (4.4%) is defeased. The largest non-defeased loan (3.4%) is collateralized by an industrial/ warehouse property located in Auburn Hills, MI. The year to date debt service coverage ratio (DSCR) as of September 2007 was 1.08x. The property is occupied by one tenant, whose lease renewed in 2006, expires after the loan term.

Fitch's rating definitions and the terms of use of such ratings are available on the agency's public site, www.fitchratings.com. Published ratings, criteria and methodologies are available from this site, at all times. Fitch's code of conduct, confidentiality, conflicts of interest, affiliate firewall, compliance and other relevant policies and procedures are also available from the 'Code of Conduct' section of this site.

Fitch Ratings
Mitchell Brumwell, +1-312-368-3268 (Chicago)
Britt Johnson, +1-312-606-2341 (Chicago)
Sandro Scenga, +1-212-908-0278 (Media Relations,
New York)