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Gramercy Real Estate CDO 2007-1 -- Moody's downgrades ratings of three classes of notes issued by Gramercy RE CDO 2007-1

Rating Action: Moody's downgrades ratings of three classes of notes issued by Gramercy RE CDO 2007-1. Global Credit Research- 07 Apr 2017. Moody's also affirms the rating of one class of notes.