Nomura Asset Depositor Company, LLC ABS-15G
Exhibit 99.12
| Loan Number | Alternate ID | Seller Loan ID | Pool ID | Initial Credit Grade S&P | Initial Credit Grade Fitch | Initial Credit Grade Moodys | Initial Credit Grade KBRA | Initial Credit Grade DBRS | Initial Compliance Grade S&P | Initial Compliance Grade Fitch | Initial Compliance Grade Moodys | Initial Compliance Grade KBRA | Initial Compliance Grade DBRS | Initial Valuation Grade S&P | Initial Valuation Grade Fitch | Initial Valuation Grade Moodys | Initial Valuation Grade KBRA | Initial Valuation Grade DBRS | Initial Overall Grade S&P | Initial Overall Grade Fitch | Initial Overall Grade Moodys | Initial Overall Grade KBRA | Initial Overall Grade DBRS | Final Credit Grade S&P | Final Credit Grade Fitch | Final Credit Grade Moodys | Final Credit Grade KBRA | Final Credit Grade DBRS | Final Compliance Grade S&P | Final Compliance Grade Fitch | Final Compliance Grade Moodys | Final Compliance Grade KBRA | Final Compliance Grade DBRS | Final Valuation Grade S&P | Final Valuation Grade Fitch | Final Valuation Grade Moodys | Final Valuation Grade KBRA | Final Valuation Grade DBRS | Final Overall Grade S&P | Final Overall Grade Fitch | Final Overall Grade Moodys | Final Overall Grade KBRA | Final Overall Grade DBRS |
| 300010121 | XXXXX | XXXXX | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | |
| 300010109 | XXXXX | XXXXX | A | A | A | A | A | A | A | A | A | A | D | D | D | D | D | D | D | D | D | D | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | |
| 300010123 | XXXXX | XXXXX | A | A | A | A | A | C | C | C | C | C | D | D | D | D | D | D | D | D | D | D | A | A | A | A | A | C | C | C | C | C | A | A | A | A | A | C | C | C | C | C | |
| 300010103 | XXXXX | XXXXX | D | D | D | C | C | D | D | D | C | C | D | D | D | D | D | D | D | D | D | D | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | |
| 300010141 | XXXXX | XXXXX | A | A | A | A | A | A | A | A | A | A | D | D | D | C | C | D | D | D | C | C | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | |
| 300010111 | XXXXX | XXXXX | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | |
| 300010127 | XXXXX | XXXXX | A | A | A | A | A | C | C | C | C | C | D | D | D | C | C | D | D | D | C | C | A | A | A | A | A | C | C | C | C | C | D | D | D | C | C | D | D | D | C | C | |
| 300010145 | XXXXX | XXXXX | D | D | D | D | D | B | B | B | B | B | D | D | D | C | C | D | D | D | D | D | D | D | D | D | D | B | B | B | B | B | D | D | D | C | C | D | D | D | D | D | |
| 300010119 | XXXXX | XXXXX | A | A | A | A | A | C | C | C | C | C | A | A | A | A | A | C | C | C | C | C | A | A | A | A | A | C | C | C | C | C | A | A | A | A | A | C | C | C | C | C | |
| 300010135 | XXXXX | XXXXX | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | |
| 300010105 | XXXXX | XXXXX | D | D | D | C | C | C | C | C | C | C | D | D | D | C | C | D | D | D | C | C | D | D | D | C | C | C | C | C | C | C | D | D | D | C | C | D | D | D | C | C | |
| 300010117 | XXXXX | XXXXX | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | |
| 300010129 | XXXXX | XXXXX | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | |
| 300010139 | XXXXX | XXXXX | C | C | C | C | C | A | A | A | A | A | A | A | A | A | A | C | C | C | C | C | C | C | C | C | C | A | A | A | A | A | A | A | A | A | A | C | C | C | C | C | |
| 300010113 | XXXXX | XXXXX | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | |
| 300010107 | XXXXX | XXXXX | D | D | D | D | D | D | D | D | C | C | D | D | D | C | C | D | D | D | D | D | D | D | D | D | D | D | D | D | C | C | D | D | D | C | C | D | D | D | D | D | |
| 300010143 | XXXXX | XXXXX | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | |
| 300010133 | XXXXX | XXXXX | B | B | B | B | B | B | B | B | B | B | A | A | A | A | A | B | B | B | B | B | B | B | B | B | B | B | B | B | B | B | A | A | A | A | A | B | B | B | B | B | |
| 300010125 | XXXXX | XXXXX | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | |
| 300010131 | XXXXX | XXXXX | D | D | D | C | C | A | A | A | A | A | A | A | A | A | A | D | D | D | C | C | D | D | D | C | C | A | A | A | A | A | A | A | A | A | A | D | D | D | C | C | |
| 300010115 | XXXXX | XXXXX | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | |
| 300010137 | XXXXX | XXXXX | C | C | C | C | C | A | A | A | A | A | A | A | A | A | A | C | C | C | C | C | C | C | C | C | C | A | A | A | A | A | A | A | A | A | A | C | C | C | C | C | |
| 300010101 | XXXXX | XXXXX | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A |