(The following statement was released by the rating agency)

Feb 3 - Fitch Ratings has downgraded one class of Banc of America

Large Loan, Inc. commercial mortgage certificate-backed certificates, series

2009-UBER2 as follows:

--$2.8 million class A-4B-9 to 'Asf' from 'AAAsf'; Outlook Stable.

In addition, Fitch affirms the following class:

--$105.8 million class A-4A-A at 'AAAsf'; Outlook Stable.

These classes are collateralized by class A-4 in MSCI 2007-IQ14, a transaction

not rated by Fitch. Class A-4 from this transaction serves as collateral for

classes A-4A-A, which has approximately 50% credit support, and class A-4B-9,

which has approximately 30% credit support. The remaining classes in the

Re-REMIC transaction are collateralized by other transactions, and will be

reviewed by Fitch in the future.

The downgrade is the result of an increase in Fitch expected losses for the MSCI

2007-IQ14 transaction. Although Fitch does not rate the transaction, it did

review the performance of the underlying collateral, including loans in special

servicing. The increase in Fitch expected losses is attributed to updated values

for the larger specially serviced loans, including an $81 million loan on a

property in Garfield Heights, OH which suffers from environmental contamination

from a neighboring landfill. Fitch expects the loan may incur greater than 100%

loss upon resolution.

The transaction has a remaining principal balance of approximately $4.37

billion. Approximately 30.6% of the loans by balance are in special servicing,

including three of the largest four loans. Two specially serviced loans with

significant modeled losses were the Beacon Seattle & DC Portfolio (12.5% of the

pool) and City View Center (1.9%).

The Beacon Seattle & DC Portfolio is the largest loan in the transaction. The

pari passu loan transferred to special servicing in April 2010 for imminent

default; however, the loan is currently performing under a modification

agreement which included a maturity extension to 2017 and incentives for the

borrower to sell the underlying properties to paydown the debt. The loan has

paid down 29% from the sale of six of the original 20 properties. Fitch expected

losses are based on current performance of the remaining collateral properties.

City View Center is secured by a retail property located in Garfield Heights,

OH, approximately eight miles from the Cleveland CBD. The asset transferred to

special servicing in November 2008 for imminent default as the property lost

several tenants, including a Wal-Mart, due to environmental issues. A receiver

was appointed in 2009 and litigation surrounding the environmental issue

continues. The special servicer continues to pursue all rights and remedies

available which may include a repurchase claim against the originator, Morgan

Stanley. Fitch's analysis did not give credit to any successful repurchase

claim.

This transaction is a resecuritization of the ownership interest in nine

commercial mortgage-backed certificates which total $303,230,000. The

transaction consists of two pooled senior re-REMIC bond groups backed by five

underlying transactions each, one senior re-REMIC bond backed by one underlying

transaction and nine subordinate standalone re-REMIC bonds backed by nine

separate underlying transactions.

Credit enhancement for classes A-4A-A, A-4A-B and A-4A-C are approximately 50%

and are provided by the underlying bonds and subordinate certificates. The

subordinate A-4B-1 through the A-4B-9 classes each have approximately 30% credit

enhancement provided by the structural support of the underlying transactions.

Losses on any mortgage loan will be allocated first to the lowest rated class of

the mortgage loan's respective series. A potential risk posed by the unpooled

junior series is that the pooled senior classes may experience losses while

other loan-specific junior series classes remain outstanding.

Fitch reviewed the underlying collateral and performed loan level stressed

analysis, reflecting cash flow and value declines under the criteria described

in 'Surveillance Methodology for U.S. Fixed Rate CMBS' dated Dec. 21, 2011.

Contact:

Primary Analyst

Britt Johnson

Senior Director

+1-312-606-2341

Fitch, Inc.

70 W. Madison

Chicago, IL 60602

Committee Chairperson

Chris Bushart

Senior Director

+1-212-908-0606

Additional information is available at 'www.fitchratings.com'. The ratings above

were solicited by, or on behalf of, the issuer, and therefore, Fitch has been

compensated for the provision of the ratings.

Applicable Criteria and Related Research:

--'Global Structured Finance Rating Criteria' (Aug. 4, 2011);

--'Surveillance Methodology for U.S. Fixed-Rate CMBS Transactions' (Dec. 21,

2010);

--'U.S. Commercial Mortgage Re-REMIC Criteria' (March 10, 2011).

Applicable Criteria and Related Research:

Global Structured Finance Rating Criteria

Surveillance Methodology for U.S. Fixed-Rate CMBS Transactions

U.S. Commercial Mortgage Re-REMIC Criteria

(New York Ratings Team)

(e-mail: pam.niimi@reuters.com; Reuters Messaging: pam.niimi.reuters.com@reuters.net; Tel:1-646-223-6330;)

COPYRIGHT

Copyright Thomson Reuters 2012. All rights reserved.

The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.