DBRS Takes Rating Actions on U.S. ReREMIC Securities

DBRS, Inc. (DBRS) has today taken rating actions on 199 classes from 3 U.S. REREMIC transactions. All 199 classes were confirmed and removed from Under Review with Developing Implications (see “DBRS Places 6,566 Classes from 576 U.S. RMBS Transactions Under Review”, published on January 23, 2012). These classes will subsequently be set to Discontinued-Repaid due to repayment of principal balance to noteholders.

A majority of the U.S. ReREMIC transactions affected by the rating actions are backed by residential mortgage backed securities from primarily prime and Alt-A residential transactions.

The rating actions are a result of DBRS applying its updated U.S. RMBS Surveillance methodology dated January 23, 2012. The methodology describes the application of the DBRS RMBS Insight model in the surveillance process (see “RMBS Insight: U.S. Residential Mortgage-Backed Securities Loss Model and Rating Methodology” on www.dbrs.com).

The principal methodologies applicable are U.S. RMBS Surveillance Methodology, dated January 2012 and RMBS Insight: U.S. Residential Mortgage-Backed Securities Loss Model and Rating Methodology, dated January 2012, which can be found on our website under Methodologies.

Notes:
The principal methodologies applicable are U.S. RMBS Surveillance Methodology and RMBS Insight: U.S. Residential Mortgage-Backed Securities Loss Model and Rating Methodology, which can be found on our website under Methodologies.

This rating is endorsed by DBRS Ratings Limited for use in the European Union.