Article: Fitch Releases New U.S. Structured Finance Rating Migration Study.

Business Editors

NEW YORK--(BUSINESS WIRE)--Oct. 2, 2003

Fitch Ratings today released its annual U.S. structured finance rating migration study. The study tracks rating activity for structured finance bonds over a twelve-year period, beginning on Jan. 1, 1991 and ending on Dec. 31, 2002, with special emphasis on 2002, to date the most volatile year for structured finance, both on the upside and the downside. The report includes a comprehensive review of upgrades/downgrades by rating category for each of the main structured finance sub sectors, including asset-backed securities (ABS), residential mortgage-backed securities (RMBS), commercial ...

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