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Article: Fitch U.S. Structured Finance Ratings Exhibit Strong Performance in 2006.
- Article from:
- Business Wire
- Article date:
- April 30, 2007
CopyrightCOPYRIGHT 2007 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)
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NEW YORK -- U.S. structured finance rating activity was again strongly skewed to the upside in 2006, according to the latest study of Fitch-rated U.S. structured finance securities, which offers a fresh look at the performance of Fitch-rated U.S. structured finance securities, both in 2006 and over the long term period from 1991-2006.
The upgrade-to-downgrade ratio across the universe of Fitch-rated ABS, RMBS, CMBS and CDO tranches was 5.3:1, an improvement from the 3.2:1 ratio recorded in 2005.
Overall structured finance upgrades increased 47.5 year over year, totaling 2,571, compared with 1,744 in 2005, while downgrades declined to 482, down from 549 ...