|
|
Article: Fitch Ratings Downgrades Three Classes of CABS I.
- Article from:
- Business Wire
- Article date:
- April 7, 2004
CopyrightCOPYRIGHT 2004 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
Business Editors
NEW YORK--(BUSINESS WIRE)--April 7, 2004
Fitch Ratings downgrades three classes of notes and affirms one class of notes issued by SFA Collateralized Asset-Backed Securities I Trust, ('CABS I'). The following rating actions are effective immediately:
-- $145,564,367 Class A Notes downgraded to 'BB' from 'AA+';
-- $14,000,000 Class B-1 Notes downgraded to 'CC' from 'B-';
-- $8,500,000 Class B-2 Notes downgraded to 'CC' from 'B-';
-- $18,611,388 Class C Notes affirmed at 'C'.