Fitch Rates $321.4MM BCAP 2009-RR1 Trust

NEW YORK--(Business Wire)--
BCAP LLC 2009-RR1 Trust is rated by Fitch Ratings as follows, with a Stable
Outlook:

Group I

--$34,397,100 classes I-A-1, I-A-2 and A-R 'AAA';

--$6,069,945 class I-A-3 'CC'.

Group II

--$101,373,000 classes II-1-A-1, II-2-A-1 and II-3-A-1 'AAA';

--$13,823,198 class II-A-2 'CCC'.

Group III

--$107,155,000 classes III-A-1 and III-A-2 'AAA';

--$26,789,404 class III-A-3 'CC'.

Group IV

--$23,905,000 class IV-A-1 'AAA';

--$7,968,426 class IV-A-2 'CC'.

This transaction consists of 4 groups. Each group is a resecuritization of
ownership interest in certain mortgage-backed certificates. As
resecuritizations, the certificates will receive their cash-flows from the
underlying classes of certificates. The underlying certificates are backed by
conventional Prime first-lien mortgage loans. The group-to-bond associations are
as follows:

Group I: 41.92% interest in the CHL Mortgage Pass-Through Trust 2007-9, Class
A-6. Credit Enhancement for the I-A-1, I-A-2 and A-R certificates is provided by
the structural support on the underlying transaction and by the 15% class I-A-3
bond.

Group II-1: 9.64% interest in the Wells Fargo Mortgage Backed Securities 2004-EE
Trust, Class II-A-2. Credit Enhancement for the II-1-A-1 is provided by the
structural support on the underlying transaction and by the 12% component class
II-A-2-i, a component of the II-A-2 bond.

Group II-2: 24.67% interest in the Wells Fargo Mortgage Backed Securities
2005-AR10 Trust, Class II-A-2. Credit enhancement for the II-2-A-1 is provided
by the structural support on the underlying transaction and by the 12% component
class II-A-2-ii, a component of the II-A-2 bond.

Group II-3: 12.87% interest in the Wells Fargo Mortgage Backed Securities
2005-AR12 Trust, Class II-A-6. Credit enhancement for the II-3-A-1 is provided
by the structural support on the underlying transaction and by the 12% component
class II-A-2-iii, a component of the II-A-2 bond.

Group III: 87.22% interest in the Wells Fargo Mortgage Backed Securities 2007-11
Trust, Class A-3. Credit enhancement for the III-A-1 and III-A-2 certificates is
provided by the structural support on the underlying transaction and by the 20%
class III-A-3 bond.

Group IV: 8.59% interest in the Wells Fargo Mortgage Backed Securities 2006-14
Trust, Class A-1. Credit enhancement for the IV-A-1 certificate is provided by
the structural support on the underlying transaction and by the 25% class IV-A-2
bond.

Fitch's rating definitions and the terms of use of such ratings are available on
the agency's public site, www.fitchratings.com. Published ratings, criteria and
methodologies are available from this site, at all times. Fitch's code of
conduct, confidentiality, conflicts of interest, affiliate firewall, compliance
and other relevant policies and procedures are also available from the 'Code of
Conduct' section of this site.

Fitch Ratings, New York
Ben Noland, +1-212-908-0743
Alla Sirotic, +1-212-908-0732
Sandro Scenga, +1-212-908-0278 (Media Relations)
sandro.scenga@fitchratings.com

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