Fitch Assigns Final Ratings to MSBAM 2013-C8 Commercial Mortgage Pass-Through Certificates

NEW YORK--()--Fitch Ratings has assigned the following ratings and Outlooks to the Morgan Stanley Capital I, Inc. MSBAM 2013-C8 (MSBAM 2013-C8) commercial mortgage pass-through certificates:

--$75,700,000 class A-1 'AAAsf'; Outlook Stable;

--$145,900,000 class A-2 'AAAsf'; Outlook Stable;

--$98,964,000 class A-SB 'AAAsf'; Outlook Stable;

--$140,000,000 class A-3 'AAAsf'; Outlook Stable;

--$335,996,000 class A-4 'AAAsf'; Outlook Stable;

--$904,665,000c class X-A 'AAAsf'; Outlook Stable;

--$108,105,000b class A-S 'AAAsf'; Outlook Stable;

--$68,276,000b class B 'AA-sf'; Outlook Stable;

--$219,054,000b class PST 'A-sf'; Outlook Stable;

--$42,673,000b class C 'A-sf'; Outlook Stable;

--$68,276,000a,c class X-B 'AA-sf'; Outlook Stable;

--$48,363,000a class D 'BBB-sf'; Outlook Stable;

--$19,914,000a class E 'BBsf'; Outlook Stable;

--$12,802,000a class F 'Bsf'; Outlook Stable.

a Privately placed pursuant to Rule 144A.

b Class A-S, class B, and class C certificates may be exchanged for class PST certificates, and class PST certificates may be exchanged for class A-S, class B and class C certificates.

c Notional amount and interest only.

Fitch does not rate the $21,336,000 class G or the $19,914,694 class H.

The certificates represent the beneficial ownership in the trust, primary assets of which are 54 loans secured by 62 commercial properties having an aggregate principal balance of approximately $1.14 billion as of the cutoff date. The loans were contributed to the trust by Morgan Stanley Mortgage Capital Holdings LLC and Bank of America, National Association.

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. 29, 2013.

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' (May 30, 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

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
George Kaleh, +1-212-908-9140
Associate Director
One State Street Plaza
New York, NY 10004
or
Committee Chairperson
Eric Rothfeld, +1-212-908-0761
Managing Director
or
Media Relations
Sandro Scenga, +1 212-908-0278
sandro.scenga@fitchratings.com

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Contacts

Fitch Ratings
Primary Analyst
George Kaleh, +1-212-908-9140
Associate Director
One State Street Plaza
New York, NY 10004
or
Committee Chairperson
Eric Rothfeld, +1-212-908-0761
Managing Director
or
Media Relations
Sandro Scenga, +1 212-908-0278
sandro.scenga@fitchratings.com