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Article: Fitch Affirms $142.8MM & Downgrades $19.7MM from 1 Citigroup Subprime Transaction.
- Article from:
- Business Wire
- Article date:
- September 7, 2007
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Copyright informationCOPYRIGHT 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 -- Fitch Ratings has taken the following rating actions on Citigroup mortgage pass-through certificates. Affirmations total $142.8 million and downgrades total $19.7 million. Break Loss percentages (BL) and Loss Coverage Ratios (LCR) for each class are included with the rating actions as follows:
Citigroup Mortgage Loan Trust 2006-CB3
--$34.9 million class A affirmed at 'AAA' (BL: 30.08, LCR: 2.94);
--$29 million class M-1 affirmed at 'AA+' (BL: 27.23, LCR: 2.67);
--$25.6 million class M-2 affirmed at 'AA' (BL: 23.76, LCR: 2.33);
--$16 million class M-3 affirmed at 'AA-' (BL: 21.01, LCR: 2.06);
--$13.8 million class M-4 affirmed at 'A+' ...