Fitch Assigns Final Ratings to Institutional Mortgage Capital 2013-3

CHICAGO--(BUSINESS WIRE)--Fitch Ratings has assigned the following ratings and Rating Outlooks to Institutional Mortgage Capital, LP's Commercial Mortgage Pass-Through Certificates, Series 2013-3:

--$37,370,000 class A-1 'AAAsf'; Outlook Stable;

--$96,370,000 class A-2 'AAAsf'; Outlook Stable;

--$81,600,000 class A-3 'AAAsf'; Outlook Stable;

--$5,321,000 class B 'AAsf'; Outlook Stable;

--$8,451,000 class C 'Asf'; Outlook Stable;

--$6,886,000 class D 'BBBsf'; Outlook Stable;

--$3,756,000 class E 'BBB-sf'; Outlook Stable;

--$3,129,941a class F 'BBsf'; Outlook Stable;

--$2,503,953a class G 'Bsf'; Outlook Stable.

(a) Non-offered certificates. All currencies are in Canadian dollars (CAD).

Fitch does not rate the $250,395,295 (notional) interest-only class X or the non-offered $5,007,401 class H certificate.

A detailed description of Fitch's rating analysis including key rating drivers, stresses, rating sensitivity, analysis, model, criteria application and data adequacy is available in Fitch's presale report dated Jan. 30, 2013, 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);

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

--'U.S. Fixed-Rate Multiborrower CMBS Surveillance and Re-REMIC Criteria' (Dec. 18, 2012);

--'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

U.S. Commercial Mortgage Servicer Rating Criteria

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

U.S. Fixed-Rate Multiborrower CMBS Surveillance and Re-REMIC Criteria

http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=696969

Counterparty Criteria for Structured Finance Transactions

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

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