OREANDA-NEWS. March 16, 2015. Fitch Ratings has affirmed one class of Commercial Mortgage Asset Trust, commercial mortgage pass through certificates, series 1999-C2. A detailed list of rating actions follows at the end of this release.

KEY RATING DRIVERS
The affirmation reflects that the class F notes are covered by defeased collateral. There are four loans remaining in the pool, three of which are defeased (88.6%). As of the February 2015 distribution date, the pool's aggregate principal balance has been reduced by 95.4% to \\$34.8 million from \\$775.2 million at issuance. The pool has experienced \\$61.7 million (8% of the original balance) in losses to date. Interest shortfalls are currently affecting classes H through Q2.

The only non-defeased loan in the pool (11.4%) is collateralized by a 64,247 square foot Regal Cinema located in Medina, OH. There are no other major theatres is the Medina area. The servicer-reported a trailing 12 month net operating income debt service coverage ratio (NOI DSCR) of 1.26x.

RATING SENSITIVITIES
The Stable Outlook is reliant on Fitch's Outlook for the sovereign rating of the United States of America.

Fitch has affirmed the following class:

--\\$8.7 million class F at 'AAAsf'; Outlook Stable.

Fitch does not rate classes G, H, J, K, L, M, N, Q1 and Q2. Classes A-1, A-2, A-3, CS-1, B, C, D, and E notes have paid in full. Fitch previously withdrew the rating on class X.