TEXT-S&P rates JPMorgan Commercial Mortgage 2012-HSBC

OVERVIEW
     -- J.P. Morgan Chase Commercial Mortgage Securities Trust 2012-HSBC is a
CMBS transaction backed by a $  300 million commercial mortgage loan secured by
one high-rise office building in Midtown Manhattan. HSBC Tower totals 864,303
sq. ft. and is located at 452 Fifth Ave.
     -- We assigned our ratings to the class A, X-A, B, and C certificates.
     -- The ratings reflect our view of the transaction's structure, the
collateral's historical and projected performance, and the sponsor's and
manager's experience, among other factors.

NEW YORK (Standard & Poor's) July 25, 2012--Standard & Poor's Ratings Services
today assigned its ratings to J.P. Morgan Chase Commercial Mortgage Securities
Trust 2012-HSBC's $  300 million commercial mortgage pass-through certificates
(see list).

The issuance is a commercial mortgage-backed securities transaction backed by
a $  300 million commercial mortgage loan secured by one high-rise office
building in Midtown Manhattan. HSBC Tower totals 864,303 s................      continues on Reuters