Fitch rates the Deutsche Bank Securities COMM 2010-C1 commercial mortgage pass-through certificates as follows:
--$453,206,000 class A-1 'AAAsf/LS1'; Outlook Stable;
--$40,000,000
class A-1D 'AAAsf/LS1'; Outlook Stable;
--$75,089,000 class A-2
'AAAsfLS1'; Outlook Stable;
--$179,498,000 class A-3 'AAAsf/LS1';
Outlook Stable;
--$351,830,000* class XP-A 'AAAsf'; Outlook Stable;
--$353,896,500*
class XS-A 'AAAsf'; Outlook Stable;
--$353,896,500* class XW-A
'AAAsf'; Outlook Stable;
--$24,628,000 class B 'AAsf/LS3'; Outlook
Stable;
--$28,911,000 class C 'Asf/LS3'; Outlook Stable;
--$44,973,000
class D 'BBB-sf/LS3'; Outlook Stable;
--$7,496,000 class E
'BBB-sf/LS4'; Outlook Stable;
--$12,849,000 class F 'BBsf/LS4';
Outlook Stable;
--$12,850,000 class G 'B-sf/LS4'; Outlook Stable.
*Notional amount and interest only.
Fitch does not rate the interest-only class XW-B and the $17,132,986 class H.
For a detailed description of Fitch's rating analysis including key rating drivers, stresses, rating sensitivity analysis, model, criteria application and data adequacy please see the report titled 'COMM 2010-C1 Commercial Mortgage Pass-Through Certificates', dated Oct. 12, 2010 and available on the Fitch Ratings web site at 'www.fitchratings.com'.
This rating action was informed by the sources of information identified in the transaction report.
Additional information is available at 'www.fitchratings.com'.
Applicable Criteria and Related Research:
--'Global Structured Finance Rating Criteria', dated Aug. 16, 2010;
--'Rating
Criteria for Fitch's U.S. CMBS Multiborrower Rating Model' May 7, 2008;
--'U.S.
CMBS Surveillance Criteria', dated Oct. 7, 2008;
--'U.S. Commercial
Mortgage Servicer Rating Criteria', dated June 19, 2009;
--'Special-Purpose
Vehicles in Structured Finance Transactions', dated Sept. 17, 2009.
Applicable Criteria and Related Research:
Global Structured Finance
Rating Criteria
http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=547326
U.S.
CMBS Surveillance Criteria
http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=408326
U.S.
Commercial Mortgage Servicer Rating Criteria
http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=555065
Special-Purpose
Vehicles in Structured Finance Transactions
http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=466618
Rating
Criteria for Fitch's U.S. CMBS Multiborrower Rating Model
http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=367170
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