DBRS Downgrades Class P of JPMCC 2005-LDP4 to D (sf)

DBRS has today downgraded the rating of Class P of JPMCC 2005-LDP4 (the Trust) to D (sf) from C (sf). The downgrade is the consequence of realized losses to the Trust as a result of the liquidation of one loan.

Prospectus ID#84 (Hulen Gardens) was liquidated at a total loss of $2.96 million to the Trust as of the February 2012 remittance report. As a result of the loss, the original balance of the Class P certificates has been reduced to $8.48 million as of the February 2012 remittance report.

Notes:
All figures are in U.S. dollars unless otherwise noted.

The applicable methodologies are CMBS Rating Methodology and CMBS North American Surveillance Methodology, which can be found on our website under Methodologies.