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UBS-Citigroup Commercial Mortgage Trust 2011-C1 -- Moody's affirms eleven classes of UBSC 2011-C1

The ratings on 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 5.8% of the current pooled balance, compared to 5.0% at Moody's last review. Moody's base expected loss plus realized losses is now 3.6% of the original pooled balance, compared to 3.1% at the last review.