DBRS Assigns BBB (sf) Rating to the Class A Notes of Banc of America Funding 2012-R4 Trust

DBRS, Inc. (“DBRS”) has today assigned a rating of BBB (sf) to the Class A Notes of Banc of America Funding 2012-R4 Trust (the “Trust”), issued pursuant to the Indenture dated May 24, 2012 (the “Indenture”). The Trust is collateralized by The Class A-1 Note of Triaxx Prime CDO 2006-1, Ltd., which is itself collateralized by a pool of Prime and Alt-A residential mortgage-backed securities (“RMBS”). The rating addresses (i) the likelihood of the receipt by the Class A Noteholders of all principal distributions to which such Noteholders are entitled, and (ii) the likelihood of the receipt by the Class A Noteholders of the amount of interest to which such Noteholders are entitled in each case to the extent payable to the Class A Notes in accordance with the priorities of payment outlined in the Indenture, on or before the legal maturity date for the Class A Notes in March 2039.

The principal methodology is Rating Global Structured Finance CDO Restructurings, which can be found on our website under Methodologies.

This credit rating has been issued outside the European Union (EU) and may be used for regulatory purposes by financial institutions in the EU.

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