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Fitch Affirms Freddie Mac SPC K-015

NEW YORK--(BUSINESS WIRE)-- Fitch Ratings has affirmed three classes of Freddie Mac Structured Pass-Through Certificates, Series K-015 (Freddie Mac SPC K-015) multifamily mortgage pass-through certificates as follows:

--$138.9 million class A-1 at 'AAAsf'; Outlook Stable;

--$866.3 million class A-2 at 'AAAsf'; Outlook Stable;

--$1.0 billion class X1 at 'AAAsf'; Outlook Stable.

Fitch does not rate class X3.

Freddie Mac SPC K-015 represents a pass-through interest in the corresponding class of securities issued by FREMF 2011-K15. Each Freddie Mac SPC K-015 security has the same designation as its underlying FREMF 2011-K15 class. All classes of FREMF 2011-K15 were affirmed by Fitch on Sept. 19, 2012.

For further information regarding FREMF 2011-K15, please see the report published Sept. 19, 2012 titled "Fitch Affirms FREMF Mortgage Trust, Series 2011-K15".

Additional information on Fitch's criteria is available in the Dec. 21, 2011 report, 'Surveillance Methodology for U.S. Fixed-Rate CMBS Transactions', which is available at 'www.fitchratings.com' under the following headers:

Structured Finance >> CMBS >> Criteria Reports

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:

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

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

Applicable Criteria and Related Research:

Global Structured Finance Rating Criteria

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

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

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

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Fitch Ratings
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Alexander Benz, +1-212-908-0854
Analyst
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Source: Fitch Ratings