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Article: Correction: Fitch Ratings Downgrades Three Classes of CABS I.
- Article from:
- Business Wire
- Article date:
- April 7, 2004
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Business Editors
NEW YORK--(BUSINESS WIRE)--April 7, 2004
(This is an amended version of press release issued earlier today, containing revised information in the fourth paragraph.)
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-';