Fitch Rates J.P. Morgan Resecuritization Trust, 2009-9
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NEW YORK--(Business Wire)-- J.P. Morgan Resecuritization Trust, 2009-9 is rated by Fitch Ratings. This transaction is a resecuritization of approximately 66.92%, 5.63%, and 73.92% interest in the class 1-A-3, 1-A-6, and 1-A-9 from RALI 2006-QS13, respectively. Credit Enhancement for the A-1 (and A-3 through A-10 exchangeable) certificates is provided by the structural support on the underlying transaction and by the 40% class A-2 bond. The underlying bond is backed by adjustable-rate, first lien residential mortgage loans. As a resecuritization, the certificates will receive their cash-flow from the underlying classes of certificates. Collateral was analyzed according to Fitch's published ResiLogic criteria, with the exception of seasoning credit being removed for all loans. Fitch is currently evaluating the seasoning credit given by ResiLogic and will update its criteria accordingly. --$31,098,000 class A-1 'AAA'; Outlook Stable; --$28,507,000 exchangeable class A-3 'AAA'; Outlook Stable; --$2,591,000 exchangeable class A-4 'AAA'; Outlook Stable; --$25,915,000 exchangeable class A-5 'AAA'; Outlook Stable; --$5,183,000 exchangeable class A-6 'AAA'; Outlook Stable; --$23,324,000 exchangeable class A-7 'AAA'; Outlook Stable; --$7,774,000 exchangeable class A-8 'AAA'; Outlook Stable; --$20,732,000 exchangeable class A-9 'AAA'; Outlook Stable; --$10,366,000 exchangeable class A-10 'AAA'; Outlook Stable. 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 Nicole Antompietri, 212-908-9134 Wen Hsu, 212-908-0633 or Media Relations: Sandro Scenga, 212-908-0278 Email: sandro.scenga@fitchratings.com Copyright Business Wire 2009
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