Press Release

DBRS Takes Rating Actions on U.S. RMBS Securities

RMBS
October 22, 2013

DBRS, Inc. has today taken rating actions on 460 classes from 42 U.S. RMBS transactions. Of the 460 ratings reviewed, 358 were confirmed, 71 classes were upgraded, and 31 classes were set to Discontinued-Repaid due to a repayment of principal balances to noteholders.

The classes that have been upgraded exhibited positive performance trends that have led to increases in credit support sufficient to withstand stresses at their new rating level or are linked to the rating of corporate entities providing credit support to the tranche or transaction. For classes where ratings have been confirmed, current asset performance and credit support levels have been consistent with the current ratings.

The transactions affected by the rating actions consist of U.S. ReREMIC transactions. A majority of the pools backing these transactions consist of primarily Prime, and Alt-A residential loans.

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

These ratings are endorsed by DBRS Ratings Limited for use in the European Union.

Ratings

ASG Resecuritization Trust 2009-2
ASG Resecuritization Trust 2010-1
BCAP LLC 2009-RR14 Trust
BCAP LLC 2010-RR10 Trust
BCAP LLC 2010-RR12 Trust
BCAP LLC 2010-RR5 Trust
BCAP LLC 2010-RR6 Trust
BCAP LLC 2010-RR7 Trust
BCAP LLC 2010-RR9 Trust
BCAP LLC 2011 RR4 Trust
BCAP LLC 2011-RR1 Trust
BCAP LLC 2011-RR10 Trust
BCAP LLC 2011-RR12 Trust
BCAP LLC 2011-RR2 Trust
BCAP LLC 2011-RR3 Trust
Banc of America Funding 2009-R6 Trust
Banc of America Funding 2010-R5 Trust
Banc of America Funding 2010-R8 Trust
CSMC Series 2009-3R
CSMC Series 2009-8R
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  • US = Lead Analyst based in USA
  • CA = Lead Analyst based in Canada
  • EU = Lead Analyst based in EU
  • UK = Lead Analyst based in UK
  • E = EU endorsed
  • U = UK endorsed
  • Unsolicited Participating With Access
  • Unsolicited Participating Without Access
  • Unsolicited Non-participating

ALL MORNINGSTAR DBRS RATINGS ARE SUBJECT TO DISCLAIMERS AND CERTAIN LIMITATIONS. PLEASE READ THESE DISCLAIMERS AND LIMITATIONS AND ADDITIONAL INFORMATION REGARDING MORNINGSTAR DBRS RATINGS, INCLUDING DEFINITIONS, POLICIES, RATING SCALES AND METHODOLOGIES.