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COMM 2012-CCRE1 Mortgage Trust -- Moody's affirms eleven classes of COMM 2012-CCRE1

The ratings on the nine P&I classes were affirmed because the transaction's key metrics, including Moody's loan-to-value (LTV) ratio, Moody's stressed debt service coverage ratio (DSCR) and the transaction's Herfindahl Index (Herf), are within acceptable ranges. Moody's rating action reflects a base expected loss of 1.9% of the current pooled balance, essentially the same as at Moody's last review. Moody's base expected loss plus realized losses is now 1.5% of the original pooled balance, essentially the same as at Moody's last review.