DBRS Upgrades Rating on Class A Notes Issued by Banc of America Funding 2012-R4 Trust

DBRS, Inc. (DBRS) has today upgraded its rating on the Class A Notes issued by Banc of America Funding 2012-R4 Trust to AAA (sf) from AA (sf), pursuant to the Indenture dated May 24, 2012 (the Indenture).

The rating addresses (1) the likelihood of the receipt by the Class A Noteholders of all principal distributions to which such Noteholders are entitled and (2) 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.

Notes:
The applicable methodology is Rating Structured Finance CDO Restructurings, which can be found on our website under Methodologies.

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