Japan-based Global Asset Management Co., a subsidiary of RECRM Research Co. Ltd., will service Japan's commercial mortgage-backed securities transactions and it has recently received a rating of CSS3 from Fitch, a first special servicer rating from the agency.

Fitch's rating, based on a scale of one to six, lands the company directly in the middle among special servicers of commercial mortgages. Considering that Japan is a new player in the CMBS market, the rating agency expressed concerns about "the short tenure of professionals with the young company."

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