OREANDA-NEWS. Fitch Ratings has affirmed all classes of Banc of America ReREMIC Trust, resecuritization pass-through certificates, series 2009-1 (BCRR TRUST 2009-1). A complete list of rating actions follows at the end of this release.

KEY RATING DRIVERS
This transaction is a resecuritization of the ownership interest in two commercial mortgage-backed certificates rated by Fitch: GS Mortgage Securities Trust 2007-GG10, class A-4, rated 'Asf'; Outlook Negative, and LB-UBS Commercial Mortgage Trust, series 2007-C6, class A-4, rated 'AAAsf'; Outlook Stable.

As a resecuritization, the class I certificates receive their cash-flows from the underlying class GS Mortgage Securities Trust 2007-GG10 A-4 certificate and the rating from the underlying security. This underlying class was affirmed at 'Asf', Outlook Negative on Feb. 19, 2015. The affirmation of class I-A1 at 'AAAsf' was the result of credit enhancement for I-A1 certificates being approximately 50%. Credit enhancement is provided by the structural support of the underlying transaction as well as the subordinate certificates in the re-securitization. Class I-A1 currently receives principal payments.

As a resecuritization, the class II certificates will receive their cash-flows from the underlying class LB-UBS Commercial Mortgage Trust, series 2007-C6 (LBUBS 2007-C6), class A-4 certificate and the rating from the underlying security. This underlying class was affirmed by Fitch at 'AAAsf', Outlook Stable on June 15, 2015. Class II-A1 currently receives principal payments.

RATING SENSITIVITIES
The underlying security for the class I certificates has a Negative Rating Outlook due to the high leverage of the pool overall as well as the many large loans that struggle with performance issues. The class I-A2 remains vulnerable to downgrade should collateral performance continue to deteriorate. The class I-A1 certificates are likely to remain stable due to the approximately 50% credit support provided by the underlying transaction. The security underlying the class II certificates maintains a Stable Rating Outlook and no rating actions are expected.

Fitch has affirmed the following classes:

--\$49.9 million class I-A1 at 'AAA'; Outlook Stable;
--\$23.2 million class I-A2 at 'A'; Outlook Negative;
--\$148.6 million class II-A1 at 'AAA'; Outlook Stable;
--\$67.3 million class II-A2 at 'AAA'; Outlook Stable.

DUE DILIGENCE USAGE
No third party due diligence was provided or reviewed in relation to this rating action.