Fitch Affirms J.P. Morgan Chase Commercial Mortgage Securities Corp., Series 2005-LDP1.NEW YORK New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of -- Fitch Ratings Fitch Ratings An international rating agency for financial institutions, insurance companies, and corporate, sovereign, and municipal debt. Fitch Ratings has headquarters in New York and London and is wholly owned by FIMALAC of Paris. affirms the following classes of J.P. Morgan Chase Commercial Mortgage Securities Corp., series 2005-LDP1, commercial mortgage pass-through certificates Pass-Through Certificates (PTCs) are instruments that evidence the ownership of two or more Equipment Trust Certificates. In other words, Equipment Trust Certificates may be bundled into a pass-through structure as a means of diversifying the asset pool and/or increasing the size : --$63.4 million class A-1 at 'AAA'; --$338.9 million class A-1A at 'AAA'; --$994.5 million class A-2 at 'AAA'; --$157.5 million class A-3 at 'AAA'; --$601.5 million class A-4 at 'AAA'; --$119.9 million class A-SB at 'AAA'; --$94.3 million class A-J A-J Anti-Jam at 'AAA'; --$100.0 million class A-JFL at 'AAA'; --Interest-only class X-1 at 'AAA'; --Interest-only class X-2 at 'AAA'; --$68.4 million class B at 'AA'; --$25.2 million class C at 'AA-'; --$54.0 million class D at 'A'; --$28.8 million class E at 'A-'; --$46.8 million class F at 'BBB+'; --$28.8 million class G at 'BBB'; --$32.4 million class H at 'BBB-'; --$10.8 million class J at 'BB+'; --$14.4 million class K at 'BB'; --$10.8 million class L at 'BB-'; --$7.2 million class M at 'B+'; --$7.2 million class N at 'B'; --$10.8 million class P at 'B-. The $36 million class NR is non-rated by Fitch. The ratings affirmations are the result of stable performance and minimal paydown since issuance. As of the August 2006 remittance Money sent from one individual to another in the form of cash, check, or some other manner. Financial statements sent by a creditor to a debtor frequently refer to the process of submitting a monthly remittance. REMITTANCE, comm. law. report, the transaction has paid down 0.9% to $2.85 billion from $2.87 billion at issuance. Two loans (0.2%) are currently in special servicing. The loans are current with no losses expected. They are expected to return to the master servicer shortly. Two loans, Woodbridge Center Woodbridge Center is a two-level, major shopping center located in Woodbridge Township, New Jersey at the intersection of U.S. Route 1 and U.S. Route 9. The mall, owned by General Growth Properties, features Dick's Sporting Goods, Fortunoff, JCPenney, Lord & Taylor, Macy's and (7.68%) and Harbor Court (0.96%) are credit assessed by Fitch. Based on stable performance since issuance, the loans maintain their investment grade credit assessments. The Sept. 30, 2005 occupancy of Woodbridge Center was 97% compared to 96% at issuance. Year-end 2005 occupancy for Harbor Court remains stable at 100% since issuance. Fitch's rating definitions and the terms of use Terms of Use are rules set up by the owner of an intellectual property or service to govern how they may be legally used. In many cases, terms of service are used as a contractual agreement between a company and users of a service they provide. of such ratings are available on the agency's public site, www.fitchratings.com. Published ratings, criteria and methodologies are available from this site, at all times. Fitch's code of conduct, confidentiality, conflicts of interest, affiliate firewall, compliance and other relevant policies and procedures Policies and Procedures are a set of documents that describe an organization's policies for operation and the procedures necessary to fulfill the policies. They are often initiated because of some external requirement, such as environmental compliance or other governmental are also available from the 'Code of Conduct' section of this site. |
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