OREANDA-NEWS. Fitch Ratings has affirmed all eight classes of 1211 Avenue of the Americas Trust 2015-1211 commercial mortgage pass-through certificates. A detailed list of rating actions follows at the end of this press release.

KEY RATING DRIVERS

The affirmations reflect the stable performance of the underlying trust asset. Fitch reviewed the most recently available rent roll and financial performance of the collateral. Full year 2015 and year-to-date (YTD) March 31, 2016 performance data were provided.

As of the July 2016 distribution date, the transaction's balance remained at $1.035 billion, unchanged from issuance. The 10-year, fixed-rate, interest-only loan matures in August 2025. This single borrower transaction is secured by an interest in 1211 Avenue of the Americas, a class A - office building located in Midtown Manhattan adjacent to Rockefeller Center. The 45-story property totals approximately 2.0 million square feet (msf) and consists of 1.9 msf of office space and 114,815 sf of retail, storage and other space.

The servicer-reported occupancy was 91.7% as of March 31, 2016, compared to 91.5% as of May 2015 at issuance. The property has maintained an average occupancy of 96.8% over the past 10 years. The top five tenants account for approximately 83.8% of net rentable area (NRA) and include 21st Century Fox (55.3% of NRA; rated 'BBB+'), Ropes & Gray (17.1% of NRA), Axis Reinsurance (6.1% of NRA; rated 'A+'), RBC (3.1% of NRA; rated 'AA') and Nordea (2.1% of NRA; rated 'AA-' ).No material lease rollover is scheduled until 2020, when the largest tenant's lease expires.

RATING SENSITIVITIES

The Rating Outlook for all classes remains Stable. No rating actions are anticipated unless there are material changes in property performance or cash flow. Fitch will continue to monitor the subject property's performance to ensure that revenues and incomes considered at the time of Fitch's initial ratings are sustainable over the loan term.

DUE DILIGENCE USAGE

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

Fitch has affirmed the following classes:

--$100,000,000 class A-1A1 at 'AAAsf'; Outlook Stable;

--$490,000,000 class A-1A2 at 'AAAsf'; Outlook Stable;

--$590,000,000 class X-A* at 'AAAsf'; Outlook Stable;

--$119,000,000 class X-B* at 'AA-sf'; Outlook Stable;

--$119,000,000 class B at 'AA-sf'; Outlook Stable;

--$79,000,000 class C at 'A-sf'; Outlook Stable;

--$110,800,000 class D at 'BBB-sf'; Outlook Stable;

--$136,200,000 class E at 'BBsf'; Outlook Stable.

*Notional Amount and interest only.