OREANDA-NEWS. Fitch Ratings has affirmed 139 classes from 10 U. S. CMBS transactions and one Freddie Mac structured pass-through transaction, all of which were issued in 2015. A spreadsheet detailing Fitch's rating actions can be found at 'www. fitchratings. com' by performing a title search for 'U. S. CMBS Rating Actions for June 28, 2016.'

KEY RATING DRIVERS

The rating actions reflect the overall stable performance of the underlying collateral pools. These transactions were generally issued in the third or fourth quarter of 2015. Currently, none of the transactions have delinquent loans. Three of the transactions each have had one delinquent loan since issuance: BACM 2015-UBS7 (0.6%, 30 days delinquent); COMM 2015-CCRE25 (0.3%, 30 to 60 days delinquent); WFCM 2015-LC22 (0.5%, 30 to 60 days delinquent). None of the transactions have had specially serviced loans since issuance.

The transactions' aggregate principal balance has been reduced by 0.46% on average.

Fitch has reviewed the servicer-reported cash flow, occupancy and watch-list commentary, if any, for the top 15 loans of each pool. There are 34 loans on the servicers' watch-lists in total; only nine are within the top 15 loans of their respective pools. There have been no material changes to the pool metrics for any of the reviewed transactions.

Fitch has designated one loan as a Fitch Loan of Concern. The Hammons Hotel Portfolio loan (10.4% of CGCMT 2015-GC33) is secured by a portfolio of seven Marriott and Hilton flagged hotels located in seven states. Although performance of the portfolio remains in line with expectations at issuance, the sponsor, John Q. Hammons Hotels & Resorts, recently declared Chapter 11 bankruptcy in connection with ongoing litigation issues. As a result, there is a possibility that the loan will transfer to special servicing.

Fitch is relying on the original rating analyses of the pool, given the recent issuance of the transactions. The affirmations of the Freddie Mac structured pass-through certificates, series K-047 are the result of the pass-through nature of the certificates, as they are dependent on the underlying ratings of the corresponding classes of FREMF 2015-K47.

RATING SENSITIVITIES

The Rating Outlook for all classes remains Stable. Due to the recent issuance of the transactions and overall stable pool performance, Fitch does not foresee positive or negative ratings migration to these transactions until a material economic or asset-level event changes the transactions' portfolio-level metrics. Additional information on rating sensitivity is discussed further in each transaction's new issue report available at www. fitchratings. com.

DUE DILIGENCE USAGE

No third-party due diligence was provided or reviewed in relation to this rating action.