OREANDA-NEWS. Fitch Ratings has upgraded one and affirmed six classes of JP Morgan Commercial Mortgage Finance Corp., commercial mortgage pass-through certificates series 2000-C10. A detailed list of rating actions follows at the end of this press release.

KEY RATING DRIVERS

The upgrade to class F is a result of paydown and increased credit enhancement from stable performance of the underlying collateral. The top three loans (70%) in the pool are covered by fully amortizing loans scheduled to mature in 2020. Maturities for the remaining loans are scheduled to occur in 2018 (9%) and 2019 (21%).

The pool is highly concentrated with only six of the original 169 loans remaining. None of the remaining loans are in special servicing or considered a Fitch Loan of Concern. Five loans (92.43% of the pool balance) are backed by retail properties including three single tenant Eckards / Rite Aids (36.9%), and one loan is secured by a self-storage property (7.6%).

As of the December 2015 distribution date, the pool's aggregate principal balance has been reduced by 98.5% to $11.4 million from $738.5 million at issuance. The pool has experienced $62.3 million (8.5% of the original pool balance) in realized losses to date. Interest shortfalls are currently affecting classes G through NR.

The largest loan in the pool is a grocery anchored retail property in Richardson, TX (38.6%). The property is anchored by Albertson's (34.3% of the net rentable area [NRA]) whose lease expires in October 2016. Additional major tenants include Richardson Bike Mart (20.2%) and Dress Barn (5.3%). Occupancy most recently reported at 93%. The loan matures in 2020 and the most recently reported debt service coverage ratio (DSCR) is 1.52x as of December 2014.

RATING SENSITIVITIES

Rating Outlook on class F is Stable due to sufficient credit enhancement and continued paydown. Classes G through M have realized losses and will remain at 'D'.

DUE DILIGENCE USAGE

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

Fitch upgrades the following class as indicated:
--$5.4 million class F to 'AAAsf' from 'Asf'; Outlook Stable.

Fitch affirms the following classes and RE as indicated:
--$6 million class G at 'Dsf'; RE 100%;
--$0 class H at 'Dsf'; RE 0%;
--$0 class J at 'Dsf'; RE 0%;
--$0 class K at 'Dsf'; RE 0%;
--$0 class L at 'Dsf'; RE 0%;
--$0 class M at 'Dsf'; RE 0%.

Classes A-1, A-2, B, C, D and E have paid in full. Class NR is not rated. Fitch previously withdrew the rating on the interest-only class X certificates.