OREANDA-NEWS. Fitch Ratings has affirmed 14 classes of Morgan Stanley Bank of America Merrill Lynch Trust (MSBAM) commercial mortgage pass-through certificates series 2013-C12.

The affirmations reflect the overall stable performance of the pool. The pool-wide net operating income (NOI) has increased by 9.6% from issuance. The pool has experienced no realized losses to date. Four loans (3.7% of the pool) appear on the servicer watchlist; three loans are due to minor deferred maintenance; the other loan is due to a decrease in the debt service coverage ratio (DSCR). None of the watchlist loans are deemed to be Fitch Loans of Concern and they all remain current.