DBRS Confirms Ratings on Interest Rate Swaps Relating to Barclays Bank PLC RMBS Transactions

DBRS, Inc. (DBRS) has today confirmed the following ratings on the ultimate payment of any potential interest rate swap termination amounts which may be owed by the residential mortgage-backed security (RMBS) trusts to Barclays Bank PLC upon an event of a default caused by a failure to pay and where the trust is the defaulting party.

-- Interest rate swap between BCAP LLC Trust 2007-AA3 and Barclays Bank PLC confirmed at AA (sf).
-- Interest rate swap between BCAP LLC Trust 2007-AA1 and Barclays Bank PLC confirmed at AA (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 Barclays Bank PLC to the trusts and (c) termination payments owed by the trusts to Barclays Bank PLC if Barclays Bank 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.

For more information on this credit or on this industry, visit www.dbrs.com or contact us at info@dbrs.com.