NEW YORK--(Business Wire)--
Fitch rates Morgan Stanley Re-Remic Trust 2009-IO, commercial mortgage
pass-through certificates as follows:
--$560,000,000 class A1 'AAA'; Outlook Stable;
--$420,000,000 class A1-A 'AAA'; Outlook Stable;
--$140,000,000 class A1-B 'AAA'; Outlook Stable;
--$72,000,000 class A2 'AAA'; Outlook Stable;
--$36,000,000 class A2-A 'AAA'; Outlook Stable;
--$36,000,000 class A2-B 'AAA'; Outlook Stable;
--$165,000,000 class B 'BBB'; Outlook Stable;
--$82,500,000 class B-A 'BBB'; Outlook Stable;
--$82,500,000 class B-B 'BBB'; Outlook Stable.
Classes A1, A2 and B are designated as 'Exchanged' classes while classes A1-A,
A1-B, A2-A, A2-B, B-A and B-B are designated as 'Exchangeables'. Each class
designated as 'Exchanged' is exchangeable for a combination of the classes
designated as 'Exchangeable' as specified in Schedule I of the Offering
Memorandum. The classes B, B-A and B-B certificates are principal only
certificates and are not entitled to receive any distributions of interest.
All classes are privately placed pursuant to rule 144A of the Securities Act of
1933. The certificates represent beneficial ownership interest in the trust,
primary assets of which are allocations of 159 U.S. CMBS Interest Only
certificates, from 151 underlying transactions, having an aggregate notional
balance of $65,564,026,642, as of the cutoff date.
For a detailed description of Fitch's rating analysis, please see the report
titled 'Morgan Stanley Re-Remic Trust 2009-IO', dated Oct. 16, 2009 and
available on the Fitch Ratings web site at 'www.fitchratings.com'.
Additional information is available at 'www.fitchratings.com'.
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Fitch Ratings
Greg Christoforides, +1-212-908-0703 (New York)
Robert M. Vrchota, +1-312-368-3336 (Chicago)
Media Relations:
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Copyright Business Wire 2009
