OREANDA-NEWS. Fitch Ratings has affirmed nine classes of COMM 2013-THL Mortgage Trust commercial mortgage pass through certificates, series 2013-THL. A detailed list of rating actions follows at the end of this press release.

KEY RATING DRIVERS
The affirmations are based on stable performance of the underlying collateral pool since issuance. The servicer-reported portfolio net cash flow (NCF) has increased 2.1% as of YE 2014 compared with the issuer underwritten NCF. As of YE 2014, the hotel portfolio's trailing 12 month (TTM) occupancy and revenue per available room (RevPAR) was 70.3% and \$74.57, respectively. The issuer's underwritten RevPAR was \$71.98.
The portfolio exhibits significant geographic diversity across secondary markets in 32 states. The largest state exposure is California with 23 hotels. The majority of the portfolio is limited service or extended stay properties, with the largest flags consisting of Fairfield Inn, Residence Inn, Hampton Inn and Courtyard.

RATING SENSITIVITIES
The Rating Outlook for all classes remains Stable. No rating actions are expected unless there are material changes to the portfolio occupancy and cash flow. Additional information on rating sensitivity is available in the report 'COMM 2013-THL Mortgage Trust' (July 26, 2013), available at www.fitchratings.com.

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

Fitch has affirmed the following ratings:

--\$75.8 million class A-1 at 'AAAsf'; Outlook Stable;
--\$280.3 million class A-2 at 'AAAsf'; Outlook Stable;
--Interest-only class X-CP at 'BBB-sf'; Outlook Stable;
--Interest-only class X-EXT at 'BBB-sf'; Outlook Stable;
--\$108.1 million class B at 'AAsf'; Outlook Stable;
--\$79 million class C at 'A-sf'; Outlook Stable;
--\$78.4 million class D at 'BBB-sf; Outlook Stable;
--\$122.5 million class E at 'BB-sf'; Outlook Stable;
--\$29 million class F at 'Bsf'; Outlook Stable.

A comparison of the transaction's Representations, Warranties, and Enforcement (RW&E) mechanisms to those of typical RW&Es for the asset class is available in the following report:

--'COMM 2013-THL Mortgage Trust - Appendix' (July 26, 2013).