DBRS Rates BCAP LLC 2010-RR9 Trust Resecuritization Trust Securities

DBRS has today assigned the following ratings to the Resecuritization Trust Securities issued by BCAP LLC 2010-RR9 Trust (the Trust).

-- $17.5 million Class 1A1* rated at AAA (sf)
-- $15.0 million Class 1A2* rated at A (sf)
-- $32.5 million Class 1A3** rated at A (sf)
-- $19.5 million Class 1A14** rated at AA (sf)
-- $13.0 million Class 1A15** rated at A (sf)

-- $5.6 million Class 2A1* rated at AAA (sf)
-- $0.4 million Class 2A2* rated at AA (sf)
-- $0.3 million Class 2A3* rated at A (sf)
-- $6 million Class 2A4** rated at AA (sf)
-- $6.3 million Class 2A5** rated at A (sf)
-- $0.8 million Class 2A6** rated at A (sf)

-- $6.1 million Class 3A1* rated at AAA (sf)
-- $1.1 million Class 3A2* rated at AA (sf)
-- $7.2 million Class 3A3** rated at AA (sf)
-- $7.2 million Class 3A7** rated at AA (sf)

-- $6.7 million Class 4A1* rated at AAA (sf)
-- $1.0 million Class 4A2* rated at AA (sf)
-- $7.6 million Class 4A3** rated at AA (sf)
-- $7.6 million Class 4A7** rated at AA (sf)

-- $11.2 million Class 5A1* rated at AAA (sf)
-- $1.2 million Class 5A2* rated at AA (sf)
-- $1.0 million Class 5A3* rated at A (sf)
-- $12.4 million Class 5A4** rated at AA (sf)
-- $13.4 million Class 5A5** rated at A (sf)
-- $2.2 million Class 5A6** rated at A (sf)

There are seven groups in this resecuritization trust. DBRS rates securities from Groups 1 through 5, each consisting of one or two seasoned senior residential mortgage-backed securities (RMBS). The ratings on the securities reflect the credit enhancement provided by subordination within their respective groups and the quality of the underlying assets. Initial Exchangeable securities may be exchanged for Subsequent Exchangeable securities, and vice versa, in the combinations described in the private placement memorandum.

The ratings assigned to the certificates address the likelihood of the receipt by certificate holders of all distributions to which such certificate holders are entitled to and as such the entitlements may be reduced by (i) the allocation of certain interest shortfalls that may include interest shortfalls resulting from prepayments, application of any Relief Act reductions and interest rate modifications on the underlying collateral and (ii) any extraordinary trust expenses that may be incurred. For more details on the ratings, please refer to the offering documents.

Other than the specified classes above, DBRS does not rate any other securities in this transaction.

Interest and principal payments on the securities will generally be made on the business day following the underlying distribution date (25th of the month), commencing in October 2010. Within the DBRS rated groups interest will be paid pro-rata and principal payments will be distributed on a sequential basis until the principal balances have been reduced to zero.

Any losses realized from the underlying securities will be allocated in a reverse sequential order, until the principal balances have been reduced to zero.

Group 1 is a resecuritization of one previously-issued senior resecuritization bond backed by one seasoned senior RMBS. Groups 2 through 5 are each resecuritizations of one or two senior RMBS, represented by various real estate mortgage investment conduits (REMICs). Within the DBRS-rated groups, the REMICs are backed by pools of seasoned, prime or Alt-A, fixed or adjustable-rate, first-lien one- to four-family residential mortgages.

Notes:

• denotes Initial Exchangeable Security.
  ** denotes Subsequent Exchangeable Security.

All figures are in U.S. dollars unless otherwise noted.

The applicable methodology is Rating U.S. Residential Mortgage-Backed Securities Transactions, which can be found on our website under Methodologies.