Article: Fitch Places 7 Classes of GSMS 2004-C1 on Rating Watch Negative.

CHICAGO -- Fitch Ratings places the following classes of GS Mortgage Securities Corp. II commercial mortgage pass-through certificates, series 2004-C1 on Rating Watch Negative:

--$7.8 million class H 'A-'; Rating Watch Negative;

--$5.6 million class J 'BBB+'; Rating Watch Negative;

--$3.3 million class K 'BB+'; Rating Watch Negative;

--$3.3 million class L 'BB-'; Rating Watch Negative;

--$4.4 million class M 'B+'; Rating Watch Negative;

--$3.3 million class N 'B'; Rating Watch Negative;

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