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J.P. Morgan Chase Commercial Mortgage Securities Corp. Series 2006-CIBC16 -- Moody's Affirms Three Classes of JPMCC 2006-CIBC15

The ratings on Cl. A-M and Cl. A-J were affirmed because the rating is consistent with Moody's expected loss plus realized losses. Moody's rating action reflects a base expected loss of 55.4% of the current pooled balance, compared to 51.3% at Moody's last review. Moody's base expected loss plus realized losses is now 19.7% of the original pooled balance, compared to 20.5% at the last review.