DBRS has today assigned the following ratings to the Resecuritization Trust Securities issued by BCAP LLC 2010-RR2 Trust (the Trust).

-- $22.6 million Class II-A1* rated at AAA
-- $19.1 million Class II-A3# rated at AAA
-- $3.4 million Class II-A4# rated at AAA
-- $17.2 million Class II-A5# rated at AAA
-- $5.4 million Class II-A6# rated at AAA
-- $15.3 million Class II-A7# rated at AAA
-- $7.3 million Class II-A8# rated at AAA
-- $5 million Class II-A9# rated at A
-- $24.3 million Class III-A1* rated at AAA
-- $2.2 million Class III-A2* rated at AA
-- $26.6 million Class III-A3# rated at AA
-- $11.7 million Class VI-A1 rated at AAA
-- $12.7 million Class VII-A1* rated at AAA
-- $14 million Class VII-A3# rated at AA
-- $15.1 million Class VII-A5# rated at A
-- $16.1 million Class VII-A7# rated at BBB
-- $2.4 million Class VII-A8# rated at A
-- $3.4 million Class VII-A9# rated at BBB
-- $1.3 million Class VII-A10* rated at AA
-- $1.1 million Class VII-A11* rated at A
-- $1.1 million Class VII-A12* rated at BBB

There are 7 groups in this resecuritization trust. DBRS rates securities from Groups II, III, VI and VII, each consisting of one to two senior residential mortgage-backed securities (RMBS). The ratings on the securities reflect the credit enhancement provided by subordination within their respective groups. The ratings on the DBRS-rated groups also reflect the quality of the underlying assets. Initial exchangeable securities may be exchanged for subsequent exchangeable securities, and vice versa, in the combinations described in the private placement memorandum.

Other than the specified classes above, DBRS does not rate any other securities in this transaction.

Interest and principal payments on the securities will generally be made on the 26th day of each month for all DBRS-rated Groups, commencing in March 2010. Interest payments on the rated securities will be distributed on a pro rata basis. Principal payments will be distributed on a sequential basis to the rated securities until the principal balances have been reduced to zero.

Any losses realized from the underlying security will be allocated in a reverse sequential order, until the principal balances have been reduced to zero.

The Trust is a resecuritization of 10 senior RMBS, represented by various real estate mortgage investment conduits (REMICs). Within the DBRS-rated groups, the trusts are backed primarily by a pool of seasoned prime or Alt-A, fixed or adjustable rate, first-lien one- to four-family residential mortgages.

Notes:

• denotes Initial Exchangeable Certificate.

denotes Subsequent Exchangeable Certificate.

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.