DBRS Takes Rating Action on Interest Rate Swaps Relating to RMBS Transactions

DBRS has today taken action on the following ratings to the ultimate payment of any potential interest rate swap (IRS) termination amounts which may be owed by the RMBS trusts to The Royal Bank of Scotland plc in the event of a failure to pay default where the trust is the defaulting party.

-- Interest rate swap between Supplemental Interest Trust, Centex Home Equity Loan Trust 2006-A and The Royal Bank of Scotland plc upgraded to AAA (sf) from AA (sf).

-- Interest rate swap between Supplemental Interest Trust, Luminent Mortgage Trust 2007-2 and The Royal Bank of Scotland plc confirmed at AAA (sf).

The ratings do not address a) the likelihood that a swap termination event occurs on or before the swap termination date, b) the payment of any swap termination payments owed by The Royal Bank of Scotland plc to the trusts and c) termination payments owed by the trusts to The Royal Bank of Scotland plc if The Royal Bank of Scotland plc is the defaulting party.

Notes:
The applicable methodologies are U.S. RMBS Surveillance Methodology and RMBS Insight 1.2: U.S. Residential Mortgage-Backed Securities 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.