Fitch Rates J.P. Morgan Resecuritization Trust, 2009-9

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Thu Jul 30, 2009 3:19pm EDT

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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