DBRS has today assigned the following ratings to the REMIC Notes, Series 2009-2, issued by ASG Resecuritization Trust 2009-2 (the Trust):

-- $58.3 million Class G30* rated at AAA
-- $9.9 million Class G35* rated at AAA
-- $9.9 million Class G40* rated at AAA
-- $9.9 million Class G45* rated at AAA
-- $9.9 million Class G50* rated at AAA
-- $9.9 million Class G55* rated at AAA
-- $9.9 million Class G60* rated at AAA
-- $9.9 million Class G65* rated at AAA
-- $9.9 million Class G70* rated at A
-- $9.9 million Class G75* rated at BBB
-- $58.3 million Class A30# rated at AAA
-- $68.2 million Class A35# rated at AAA
-- $78.1 million Class A40# rated at AAA
-- $87.9 million Class A45# rated at AAA
-- $97.8 million Class A50# rated at AAA
-- $107.7 million Class A55# rated at AAA
-- $117.6 million Class A60# rated at AAA
-- $127.5 million Class A65# rated at AAA
-- $137.4 million Class A70# rated at A
-- $147.3 million Class A75# rated at BBB

The AAA ratings on the Class G30 through Class G65 Notes, the “A” rating on the Class G70 Note and the BBB rating on the Class G75 Note (collectively, the Notes) reflect the credit enhancement provided by subordination. The ratings also reflect the quality of the underlying asset, which is a super senior residential mortgage pass-through certificate. The Class G30 through Class G100 Notes (Exchangeable Notes) are exchangeable for certain other classes of Exchanged Notes (Exchanged Notes) and vice versa, in the combinations described in further detail in Schedule A of the offering memorandum.

The Class G80 through Class G100, Class A80 through Class A100, and Class M5 through Class M70 Notes are not rated by DBRS.

Interest and principal payments on the Notes will be made on the 24th day of each month commencing in May 2009. Interest payments will be distributed on a pro rata basis to the Notes. Principal will be distributed on a sequential basis to the Notes, in numerical order, until the principal balances thereof are reduced to zero.

Any losses realized from the underlying assets will be allocated in a reverse numerical order to the Notes.

The Trust is a resecuritization of a super senior residential mortgage pass-through certificate, Banc of America Funding Corporation 2006-D Class 6-A-3, which is backed by a pool of primarily Alt-A adjustable-rate mortgages secured by first liens on one-to-four family properties.

Notes:

• denotes Exchangeable Note

denotes Exchanged Note

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

The applicable methodology is Rating U.S. Residential Mortgage-Backed Securities Transactions, which can be found on our website under Methodologies.

This is a Structured Finance rating.