Fitch Affirms & Removes JP Morgan Chase 2001-A from Watch Negative.

NEW YORK -- Fitch Ratings has affirmed and removed the following class of JP Morgan Chase Commercial Securities Corp., Series 2001-A, from Rating Watch Negative:

--$7.8 million class G at 'BBB-'.

In addition, Fitch has affirmed the following classes:

--$27.5 million class A-2 at 'AAA';

--Interest only class X at 'AAA';

--$6.8 million class B at 'AAA';

--$7.9 million class C at 'AAA';

--$10.8 million class D at 'AAA';

--$3.4 million class E at 'AAA';

--$5.1 million class F at 'AA'.

Fitch does not rate the $8.8 million class NR. Class A-1 has been paid in full.

The removal of class G from Rating Watch is due to the pending modification of the largest loan in the transaction. The rating affirmations are the result of stable performance of the transaction and increased credit enhancement, offset by adverse selection and increasing concentrations. As of the February 2008 distribution date, the pool's collateral balance has been reduced 31.5%, to $78 million from $113.8 million at issuance. Three loans (8%) have defeased.

Fitch is closely monitoring the specially serviced asset (28.8%), which was transferred to special servicing due to a maturity default. The specially serviced asset is a 795,517 square foot retail center in Maple Heights, Ohio and was scheduled to mature in October 2007. The borrower is negotiating with the special servicer on a loan extension. The servicer reported a September 2007 debt service coverage ratio (DSCR) of 1.37 times (x) and occupancy of 63.3%, a decrease from July 2007 reported occupancy of 66.7%. A recent appraisal indicated a value of greater than the outstanding exposure.

In addition, Fitch is also monitoring the performance of the third largest loan (8.3%), which is secured by an office property in Norcross, GA. The servicer reported a September 2007 DSCR of 0.49x and occupancy of 61.8%.

Fitch also remains concerned with the increasing concentrations in the transaction. The deal is collateralized by 54.8% retail properties and 9.8% healthcare. In addition, the top five loans, which include the specially serviced asset, represent 66.1% of the overall transaction outstanding. All of the remaining pool is scheduled to mature or has an anticipated repayment date (ARD) before the end of 2010. One loan (3.5%) is scheduled to mature in 2008 and 38.4% of the remaining pool is scheduled to mature in 2009.

The majority of the collateral in this transaction are loans that were originated for securitization but were removed from their prospective conduit pools.

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