BoA MBS Classes Downgraded

Six classes of Banc of America Funding Corp. mortgage pass-through certificates, series 2006-D, have been downgraded by Fitch Ratings.The downgrades were as follows: class 1-M-4, from A to BBB-plus; class 1-M-5, from BBB-plus to BB; class 1-M-6, from BBB-minus to B; class X-B-3, from BBB to BBB-minus; class X-B-4, from BB to B-plus; and class X-B-5, from B to C/DR4. In addition, Fitch placed classes 1-M-2, 1-M-3, 1-M-4, and 1-M-5 on Rating Watch Negative and affirmed the ratings on 15 other classes in the deal. The negative rating actions were attributed to a deterioration in the relationship between credit enhancement and loss expectations.