DBRS Rates Citigroup Mortgage Loan Trust 2009-5

DBRS has today assigned the following ratings to the Resecuritization Trust Certificates, Series 2009-5, issued by Citigroup Mortgage Loan Trust 2009-5 (the Trust):

-- $ 13.7 million Class 1A2 rated at C
-- $ 5.7 million Class 2A2 rated at B
-- $ 4.5 million Class 3A2 rated at C
-- $ 14.3 million Class 4A2 rated at C
-- $ 5.5 million Class 5A2 rated at C
-- $ 21.3 million Class 6A1 rated at AAA
-- $ 11.5 million Class 6A2 rated at C
-- $ 132.4 million Class 7A1 rated at AAA
-- $ 88.3 million Class 7A2 rated at C
-- $ 1.9 million Class 8A2 rated at B (low)
-- $ 1.9 million Class 9A2* rated at AAA
-- $ 7.6 million Class 9A3* rated at C
-- $ 9.6 million Class 9A4** rated at C
-- $ 9.6 million Class 10A2 rated at C

The ratings on the certificates reflect the credit enhancement provided by subordination on the underlying certificates within their respective groups. The ratings also reflect the quality of the underlying assets, which consist of 11 senior residential mortgage-backed securities (RMBS). The Class 9A2 and 9A3 Certificates (Initial Exchangeable Certificates) may be exchanged for the Class 9A4 Certificates (Subsequent Exchangeable Certificate) and vice versa.

The Class 1A1, 2A1, 3A1, 4A1, 5A1, 8A1, 9A1 and 10A1 Certificates are not rated by DBRS.

Interest and principal payments on the certificates will be made generally on the 25th day of each month commencing in June 2009. Interest payments will be distributed on a pro rata basis to the certificates within their respective groups, other than Groups 8 and 10. Within Group 8, interest payments will be distributed on a pro rata basis to the certificates, provided that interest payments to Class 8A2 will be distributed as principal on a sequential basis to Class 8A1 until the certificate principal balance has been reduced to zero, then to Class 8A2. Within Group 10, interest payments will be distributed on a sequential basis to the certificates, provided that interest payments to Class 10A2 will be distributed as principal on a sequential basis to Class 10A1 until the certificate principal balance has been reduced to zero, then to Class 10A2. Principal will be distributed on a sequential basis to the certificates within their respective groups, in numerical order, until the certificate principal balances thereof are reduced to zero.

Any losses realized from the underlying securities will be allocated in a reverse numerical order to the certificates within their respective groups.

The Trust is a resecuritization consisting of 11 senior RMBS, represented by various real estate mortgage investment conduits (REMICs). The REMICs are backed by pools of Alt-A or prime, fixed or adjustable rate, first-lien one- to four-family residential mortgages.

Notes:

• denotes Initial Exchangeable Certificates
  ** denotes Subsequent Exchangeable Certificates

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.