Fitch Affirms AEGON USA Realty Advisor's CMBS Special Servicer Rating

  Fitch Affirms AEGON USA Realty Advisor's CMBS Special Servicer Rating

Business Wire

NEW YORK -- October 25, 2012

Fitch Ratings affirms AEGON USA Realty Advisors, LLC (AURA) commercial
mortgage-backed securities (CMBS) special servicer rating at 'CSS2-'.

The special servicer rating reflects an assessment of the company's tenure and
effectiveness as a commercial real estate special servicer as well as its
seasoned special servicing and REO asset management teams. The rating also
considers the support provided by its parent company, AEGON, N.V. (AEGON).

As of Sept. 30, 2012, AURA was named special servicer on three CMBS loans
valued at $913.5 million, none of which was in specially servicing at that
time. As of the same date, the special servicing group was special servicing
211 non-CMBS loans inclusive of 59 REO assets totaling $2,235 million.

The servicer rating is based on the methodology described in Fitch's reports
'U.S. Commercial Mortgage Servicer Rating Criteria,' dated Feb. 18, 2011, and
'Global Rating Criteria for Structured Finance Servicers' dated Aug. 16, 2010,
available on Fitch's web site '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:

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

--'Global Rating Criteria for Structured Finance Servicers' (Aug. 16, 2010).

Applicable Criteria and Related Research:

U.S. Commercial Mortgage Servicer Rating Criteria

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

Global Rating Criteria for Structured Finance Servicers

http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=547305

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Contact:

Fitch Ratings
Primary Analyst
Howard Miller
Director
+1-212-908-0737
Fitch, Inc.
One State Street Plaza
New York, NY 10004
or
Secondary Analyst
Robert Vrchota
Managing Director
+1-312-368-3336
or
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Daniel Chambers
Managing Director
+1-212-908-0782
or
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Sandro Scenga, +1-212-908-0278 (New York)
sandro.scenga@fitchratings.com
 
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