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Article: Fitch Ratings Downgrades More Than 550 Additional Subprime Classes.
- Article from:
- National Mortgage News
- Article date:
- May 12, 2008
- Author:
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NEW YORK -- More than 550 additional classes of subprime mortgage-backed securities have been downgraded by Fitch Ratings.
Fitch has also affirmed the ratings on classes with outstanding balances of more than $24 billion.
Among the securities affected by the latest downgrades were 94 classes from 17 issues by First Franklin, 74 classes from 16 issues by CSFB Home Equity Asset Trust, 54 classes from 23 issues by Structured Asset Investment Loan, 38 classes from 18 issues by Ameriquest Mortgage Securities Inc., 37 classes from six issues by Park Place Securities Inc. and 36 classes from 17 issues by Residential Asset Securities Corp.
Other ...