Fitch Upgrades 3 Classes of BALL 2009-FDG Due to Defeasance; Places on Rating Watch Negative

Fitch Ratings has upgraded three classes of Banc of America Large Loan, Inc. Trust 2009-FDG, commercial mortgage pass-through certificates, series 2009-FDG (BALL 2009-FDG). In addition, all classes are placed on Rating Watch Negative as follows:

--$323.5 million class A 'AAAsf' placed on Rating Watch Negative;

--$30 million class B to 'AAAsf from 'AAsf'; Rating Watch Negative;

--$33 million class C to 'AAAsf from 'Asf'; Rating Watch Negative;

--$47 million class D to 'AAAsf from 'BBB-sf'; Rating Watch Negative.

KEY RATING DRIVERS

The rating actions are due to the full defeasance of all the remaining underlying collateral. The ratings are now tied to Fitch's rating of the United States of America's (U.S.) sovereign debt, currently rated 'AAA' Rating Watch Negative. For more information on U.S. sovereign debt rating please refer to the rating action commentary titled 'Fitch Places United States' 'AAA' on Rating Watch Negative', dated Oct. 15, 2013.

RATING SENSITIVITY

Future rating actions will occur along with Fitch's rating of the U.S. sovereign debt. Fitch is expected to resolve the Rating Watch Negative as stated in the above mentioned rating action commentary.

Additional information is available at 'www.fitchratings.com'.

Applicable Criteria and Related Research:

--'Global Structured Finance Rating Criteria' (May 24, 2013);

--'Criteria for Analyzing Large Loans in U.S. Commercial Mortgage Transactions' (Sept. 21, 2012);

--'Fitch Places United States' 'AAA' on Rating Watch Negative (Oct 15, 2013).

Applicable Criteria and Related Research:

Global Structured Finance Rating Criteria

http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=708661

Criteria for Analyzing Large Loans in U.S. Commercial Mortgage Transactions

http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=718468

Additional Disclosure

Solicitation Status

http://www.fitchratings.com/gws/en/disclosure/solicitation?pr_id=818481

ALL FITCH CREDIT RATINGS ARE SUBJECT TO CERTAIN LIMITATIONS AND DISCLAIMERS. PLEASE READ THESE LIMITATIONS AND DISCLAIMERS BY FOLLOWING THIS LINK: HTTP://FITCHRATINGS.COM/UNDERSTANDINGCREDITRATINGS. IN ADDITION, RATING DEFINITIONS AND THE TERMS OF USE OF SUCH RATINGS ARE AVAILABLE ON THE AGENCY'S PUBLIC WEBSITE '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 MAY HAVE PROVIDED ANOTHER PERMISSIBLE SERVICE TO THE RATED ENTITY OR ITS RELATED THIRD PARTIES. DETAILS OF THIS SERVICE FOR RATINGS FOR WHICH THE LEAD ANALYST IS BASED IN AN EU-REGISTERED ENTITY CAN BE FOUND ON THE ENTITY SUMMARY PAGE FOR THIS ISSUER ON THE FITCH WEBSITE.

Fitch Ratings
Primary Analyst:
Darren Liss, [phone]
Director
Fitch Ratings, Inc.
One State Street Plaza
New York, NY 10004
or
Committee Chairperson:
Mary MacNeill, [phone]
Managing Director
or
Media Relations:
Sandro Scenga, New York, [phone]
[e-mail]