Fitch to Rate COMM 2012-CCRE4 Class X-B

NEW YORK--()--Fitch Ratings expects to rate the previously non-rated class X-B of Deutsche Bank Securities, Inc.'s COMM 2012-CCRE4 Commercial Mortgage Pass-Through Certificates, as follows:

--$104,156,000b class X-B 'A-sf'; Outlook Stable.

b Notional amount and interest only.

The expected ratings on the remaining classes will remain as published in the rating action commentary titled 'Fitch to Rate COMM 2012-CCRE4 Commercial Mortgage Pass-Through Certificates; Presale Issued,' (Oct. 25, 2012).

--$59,118,000 class A-1 'AAAsf'; Outlook Stable;

--$148,657,000 class A-2 'AAAsf'; Outlook Stable;

--$70,571,000 class A-SB 'AAAsf'; Outlook Stable;

--$499,354,000 class A-3 'AAAsf'; Outlook Stable;

--$888,800,000b class X-A 'AAAsf'; Outlook Stable;

--$111,100,000a class A-M 'AAAsf'; Outlook Stable;

--$65,271,000a class B 'AA-sf'; Outlook Stable;

--$38,885,000a class C 'A-sf'; Outlook Stable;

--$45,829,000a class D 'BBB-sf'; Outlook Stable;

--$19,442,000a class E 'BBsf'; Outlook Stable;

--$18,054,000a class F 'Bsf'; Outlook Stable;

a Privately placed pursuant to Rule 144A.

b Notional amount and interest only.

The expected ratings are based on information provided by the issuer as of Oct. 19, 2012. Fitch does not expect to rate the $34,719,345 class G.

The presale report is available at 'www.fitchratings.com'.

Additional information is available at 'www.fitchratings.com'. The ratings above were solicited by, or on behalf of, the issuer, and therefore, Fitch has been compensated for the provision of the ratings.

Applicable Criteria and Related Research:

--'Criteria for Analyzing Multiborrower U.S. Commercial Mortgage Transactions' (Aug. 8, 2012);

--'Global Structured Finance Rating Criteria' (June 6, 2012);

--'Criteria for Special-Purpose Vehicles in Structured Finance Transactions' (May 30, 2012);

--'U.S. Commercial Mortgage Servicer Rating Criteria' (Feb. 18, 2011);

--'Surveillance Methodology for U.S. Fixed-Rate CMBS Transactions' (Dec. 21, 2011);

--'Counterparty Criteria for Structured Finance Transactions' (March 12, 2012).

Applicable Criteria and Related Research:

Criteria for Analyzing Multiborrower U.S. Commercial Mortgage Transactions

http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=685995

Global Structured Finance Rating Criteria

http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=679923

Criteria for Special-Purpose Vehicles in Structured Finance Transactions

http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=680591

U.S. Commercial Mortgage Servicer Rating Criteria

http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=584005

Surveillance Methodology for U.S. Fixed-Rate CMBS Transactions

http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=662869

Counterparty Criteria for Structured Finance Transactions

http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=678938

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Contacts

Fitch Ratings
Primary Analyst
Jonathan Teichmann, +1-212-908-0862
Director
Fitch, Inc.
One State Street Plaza
New York, NY 10004
or
Committee Chairperson
Robert Vrchota, +1-312-368-3336
Managing Director
or
Media Relations
Sandro Scenga, New York, +1-212-908-0278
sandro.scenga@fitchratings.com

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Contacts

Fitch Ratings
Primary Analyst
Jonathan Teichmann, +1-212-908-0862
Director
Fitch, Inc.
One State Street Plaza
New York, NY 10004
or
Committee Chairperson
Robert Vrchota, +1-312-368-3336
Managing Director
or
Media Relations
Sandro Scenga, New York, +1-212-908-0278
sandro.scenga@fitchratings.com