Fitch Rates J.P. Morgan Chase, Series 2005-LDP2.

NEW YORK -- J.P. Morgan Chase Commercial Mortgage Securities Corp., series 2005-LDP2, commercial mortgage pass-through certificates are rated by Fitch Ratings as follows:

-- $98,893,000 class A-1 'AAA';

-- $554,697,000 class A-1A 'AAA';

-- $257,128,000

-- $367,428,000 class A-3 'AAA';

-- $122,717,000 class A-3A 'AAA';

-- $561,321,000 class A-4 'AAA';

-- $123,438,000 class A-SB 'AAA';

-- $247,946,000 class A-M 'AAA';

-- $50,000,000 class A-MFL 'AAA';

-- $216,011,000 class A-J 'AAA';

-- $2,979,460,402 class X-1* 'AAA';

-- $2,909,929,000 class X-2* 'AAA';

-- $18,621,000 class B 'AA+';

-- $40,968,000 class C 'AA';

-- $26,070,000 class D 'AA-';

-- $26,070,000 class E 'A+';

-- $29,795,000 class F 'A';

-- $26,070,000 class G 'A-';

-- $44,692,000 class H 'BBB+';

-- $29,795,000 class J 'BBB';

-- $37,243,000 class K 'BBB-';

-- $11,173,000 class L 'BB+';

-- $14,897,000 class M 'BB';

-- $11,173,000 class N 'BB-';

-- $7,449,000 class O 'B+';

-- $7,449,000 class P 'B';

-- $11,173,000 class Q 'B-';

-- $37,243,402 class NR 'NR';

* Notional Amount and Interest-Only.

Class NR is not rated by Fitch Ratings. Classes A-1, A-2, A-3, A-3A, A-4, A-SB, A-M, A-MFL, A-J, X-2, B, C, D, E, and F are offered publicly, while classes A-1A, X-1, G, H, J, K, L, M, N, O, P, Q, and NR 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 295 fixed-rate loans having an aggregate principal balance of approximately $2,979,460,402, as of the cutoff date.

For a detailed description of Fitch's rating analysis, please see the report titled 'J.P. Morgan Chase Commercial Mortgage Securities Corp., Series 2005-LDP2' dated May 27, 2005, available on the Fitch Ratings web site at www.fitchratings.com.

Fitch's rating definitions are available on the agency's public web site, www.fitchratings.com. Published ratings, criteria and methodologies and relevant policies and procedures are also available from this site, at all times. This document will remain on the public site for seven days.