Fitch Rates Crystal River Resecuritization 2006-1.

NEW YORK -- Fitch assigns the following ratings to Crystal River Resecuritization 2006-1 Ltd. and Crystal River Resecuritization 2006-1 LLC, (collectively Crystal River 2006-1 or the issuer), which closed yesterday:

--$222,492,000 class A floating-rate notes due September 2047 'AAA';

--$35,131,000 class B floating-rate notes due September 2047 'AA';

--$17,565,000 class C deferrable interest floating-rate notes due September 2047 'A+';

--$19,517,000 class D floating-rate notes due September 2047 'A-';

--$10,734,000 class E floating-rate notes due September 2047 'BBB+';

--$9,271,000 class F floating-rate notes due September 2047 'BBB';

--$4,391,000 class G floating-rate notes due September 2047 'BBB-';

--$5,855,000 class H floating-rate notes due September 2047 'BBB-';

--$14,638,000 class J fixed-rate notes due September 2047 'BB';

--$19,517,000 class K fixed-rate notes due September 2047 'B'.

For more information, please see the new issue report titled 'Crystal River Resecuritization 2006-1 Ltd./LLC', available on the Fitch web site at www.derivativefitch.com. Additional information about the collateral manager is also available on Fitch's web site.

Fitch's rating definitions and the terms of use of such ratings are available on the agency's public site, www.derivativefitch.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 means Fitch, Inc., Fitch Ratings, Ltd. and their subsidiaries including Derivative Fitch, Inc. and Derivative Fitch Ltd. and any successor or successors thereto.