2008-08-26 23:58:03 -

- Fitch Ratings has upgraded three classes of commercial mortgage pass-through certificates from Deutsche Mortgage & Asset Receiving Corp. (COMM 1999-1), as follows:

--$68.8 million class G to 'AA+' from 'A-;'

--$13.1 million class H to 'A+' from 'BBB;

--$26.2 million class J to 'BB-' from 'B+'.

In addition, Fitch has affirmed the following classes:

--Interest-only (IO) class X at 'AAA';

--$15.1 million class C at 'AAA';

--$62.3 million class D at 'AAA';

--$81.9 million class E at 'AAA';

--$19.7 million class F at 'AAA';

--$19.7 million class K at 'B-'.

Fitch does not rate the $9.3 million class L certificates. Classes A-1, A-2 and B have paid in full.

The upgrades are the result of additional paydown of 41.9% since Fitch's last rating action in April 2008. Of the remaining pool, 84.8% matures in 2008. As of the August 2008 distribution date, the pool's aggregate certificate balance has been reduced by approximately 76.2%, to $312.3 million from $1.31 billion at issuance.

There is currently one specially serviced asset (0.7%) which was transferred due to monetary default. The asset is secured by a 24,620 square foot (sf) retail center located in Clinton, MI. Occupancy at the property is currently 60%. A Hollywood Video vacated the property in September 2007 and there are no prospective tenants. Based on the most recent appraisal value, losses are expected to be absorbed by the non-rated class L.

Fitch's rating definitions and the terms of use of such ratings are available on the agency's public site, www.fitchratings.com. Published ratings, criteria and methodologies are available from this site, at all times. Fitch's code of conduct, confidentiality, conflicts of interest, affiliate firewall, compliance and other relevant policies and procedures are also available from the 'Code of Conduct' section of this site.

Fitch Ratings, New York
Sue Ann Butera, +1-212-908-0713
Adam Fox, +1-212-908-0869
Sandro Scenga, +1-212-908-0278 (Media Relations)